June 27, 2019
Termination of depositary receipt structure on 28 June 2019
Stichting Administratiekantoor Unilever N.V. (the "Trust Office") hereby announces that the Unilever N.V. (the "NV") depositary receipt structure (the "DR Structure") will be terminated on 28 June 2019 after close of trading on Euronext in Amsterdam. As a result of the termination of the DR Structure, holders of book-entry depositary receipts will automatically receive one ordinary share in the capital of the NV in exchange for each depositary receipt that they own, free of charge.
The termination of the DR Structure is not expected to cause any interruption of trading. The last day depositary receipts can be traded, is 28 June 2019. Thereafter, only ordinary shares in the capital of the NV will be traded, which shares will get the Euronext ticker symbol (“UNA”) and the ISIN code NL0000388619.
It is noted that at the time of this announcement, a limited number of depositary receipts ("Non-Book Entry DRs") are outstanding in respect of which the bearer certificates (the “Bearer Certificates”) issued by N.V. Nederlandsch Administratie- en Trustkantoor, the predecessor of the Trust Office, have not been handed in. In accordance with articles 5 and 13 of the trust conditions of the Trust Office, during a period of two years after the date of this announcement (i.e. through 27 June 2021) holders of Bearer Certificates may cancel their Non-Book Entry DRs by exchanging their Bearer Certificates for ordinary shares in the capital of the NV, free of charge. With such exchange, the holders will also receive an amount equal to any dividends paid on the relevant underlying NV shares in the five years previous to such exchange of the Bearer Certificates.
During the above-mentioned two year period in which exchange of Bearer Certificates can take place, the Trust Office shall not be dissolved and the trust conditions of the Trust Office will continue to have effect. Upon the expiry of such two year period, the Trust Office shall sell the NV shares for which no Bearer Certificates have been submitted for exchange exchange (the “Remaining NV Shares”). Any such sales shall be executed via trading on Euronext Amsterdam and the proceeds thereof will be given in consignment (in consignatie) to the Dutch Ministry of Finance for the benefit of the relevant holders of Bearer Certificates. Holders of Bearer Certificates have thereafter no claim whatsoever towards the Trust Office. It should be noted that the aforesaid does also mean that as from the moment of consignment, any right to dividends granted on the Remaining NV shares in the five years previous to the consignment, shall expire.
Please see the Q&A link at www.administratiekantoor-unilever.nl for additional information.