Unilever Simplifies PLC Share Structure - Quick Facts

(RTTNews) - Anglo-Dutch consumer goods giant Unilever Plc (UL, ULVR.L, UN) has purchased the rights left in family trusts by William Hesketh Lever, that are convertible in 2038 into 70,875,000 Unilever PLC ordinary shares for a consideration of 715 million pounds. The consideration is equivalent to 10.09 pounds per ordinary share, representing a 63% discount to the closing share price on Friday May 16, 2014.

As a result, core earnings per share would be enhanced by 2% on a full year basis as the fully diluted share count used in the calculation is reduced by 70.875 million shares, or 2.4% of the combined Unilever Group total.