Business
Demerger of Unilever’s Ice Cream Business
Unilever PLC has announced that the demerger of its ice cream business, now named The Magnum Ice Cream Company N.V. (TMICC), will complete on December 6, 2025, with TMICC shares expected to commence trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange on December 8, 2025. Following the demerger, Unilever plans to implement a share consolidation to maintain comparability of its per-share metrics, with the consolidation becoming effective on December 9, 2025. Disclaimer*
About this update from Unilever Plc
[{"type":"text","content":"\n\nUnilever PLC\nDemerger of Unilever's Ice Cream Business - Update\nUnilever PLC (\"Unilever\") announces that the demerger of its ice cream business, now known as The Magnum Ice Cream Company N.V. (\"TMICC\"), (the \"Demerger\") will complete on Saturday 6 December 2025.\nAdmission of the ordinary shares in TMICC (\"TMICC Shares\") to listing and trading in Amsterdam, London and New York, and the commencement of dealings in TMICC Shares, are expected to take place on Monday 8 December 2025.\nToday's announcement follows the publication by TMICC on Wednesday 3 December 2025 of its prospectus for the purposes of the admission to listing and trading of TMICC Shares on Euronext Amsterdam, to listing on the Equity Shares (Commercial Companies) Category of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities (the \"Prospectus\"). TMICC's registration statement with respect to the registration of TMICC Shares under the US Exchange Act, and admission to trading on the New York Stock Exchange (the \"Registration Statement\") became effective on Thursday 4 December 2025. \nFurther information on key dates and timings regarding the Demerger and the Share Consolidation is set out at the end of this announcement.\nShare Consolidation\nAs set out in the circular published by Unilever on Thursday 2 October 2025 in relation to the Share Consolidation (the \"Circular\") and approved by shareholders on Tuesday 21 October 2025, Unilever expects that, shortly following the Demerger, it will consolidate (or sub-divide and consolidate) its existing issued share capital in order to reduce the total number of ordinary shares in Unilever in issue (while increasing the nominal value per share).\nThe Share Consolidation is intended to maintain comparability, so far as practicable, between Unilever's share price and per share metrics (including earnings per share and dividends per share) before and after the Demerger.\nFurther information on the Share Consolidation is set out in the Circular, and Unilever will make further announcements regarding the Share Consolidation in due course.\nThe Circular is available on Unilever's website at www.unilever.com/gm. Shareholders are encouraged to read the Circular in full.\n \nEXPECTED TIMETABLE OF PRINCIPAL EVENTS\n \nCapitalised terms used b...