Business
Unification of Corporate Structure- Court Approval
Unification of Corporate Structure- Court Approval.
About this update from Unilever Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9716D\n Unilever PLC\n 02 November 2020\n \n \n \n Unification of Unilever's Corporate Structure - Court Approval\n \n \n \n \n London/Rotterdam, 2 November 2020\n \n \n Unilever announces that the UK High Court has today approved the Cross-Border Merger between Unilever PLC and Unilever NV, pursuant to Regulation 16 of The Companies (Cross-Border Mergers) Regulations 2007. Upon the Cross-Border Merger becoming effective, Unilever's existing dual-parent holding company structure will be unified and Unilever PLC will become the single parent company of the Unilever Group (\"Unification\").\n \n Subject to the terms of the order of the UK High Court, the Cross-Border Merger and Unification are expected to become effective on 29 November 2020, upon which NV Shareholders and NV NYRS Holders (excluding Withdrawing Shareholders) will receive one New PLC Share or New PLC ADS in exchange for each NV Share or NV NYRS held. The expected timetable of principal events for the implementation of Unification is as follows:\n \n \n Principal events Expected time and/or date\n \n Last day for dealings in, and for registration of, 27 November 2020\ntransfers of, the NV Shares and NV NYRSs\n \n CBM Effective Date* 29 November 2020\n \n Admission of the New PLC Shares 8.00 a.m. (London time) on\non the LSE's Main Market 30 November 2020 \n \n Listing of PLC Sh...