Unilever Announces Launch Of Cash Offer For Preference Shares In Unilever N.V.

(RTTNews) - Unilever Corporate Holdings Nederland B.V., a subsidiary of Unilever plc (UN, ULVR.L, UL) launched a unconditional and irrevocable partial cash offer for all 6% and 7% cumulative preference shares in the capital of Unilever N.V. The board of Unilever N.V. unanimously recommended the offer to the holders of the preference shares for acceptance. Unilever N.V. intends to cancel all preference shares currently held by it in treasury, except for ten 6% cumulative preference subshares and one 7% cumulative preference share.

The acceptance period for holders of preference shares to tender their preference shares commences on 12 October 2017 and ends on 25 October 2017. Upon completion of the offer, the offeror will terminate the listing of the preference shares on Euronext Amsterdam.