Unilever single will own shares of the company to begin operations in December

LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (A case) stated that the simplification of the structure of its parent company of two British and Dutch legal entities into a single holding company would be concluded in December, when the shares of the new company would begin to be traded.

The UK-Dutch soap manufacturer Dove, Lipton teas and Ben & Jerry ice cream said the simplification would be achieved through a UK arrangement and a Dutch legal merger.

Unilever launched a double-head review in 2017 after fighting a $ 143 billion takeover of Kraft Heinz (KHC.O), triggering a battle between Britain and the Netherlands.

In March, the group announced that a new holding company, New Unilever NV, incorporated in the Netherlands, would be listed in London, Amsterdam and, in the form of US depositary shares, in New York.

On Tuesday he published New Unilever NV 's prospectus and shareholder documentation relating to simplification.

He indicated that a share of the capital of New Unilever NV would be issued for each share of the Dutch entity (NV) and for each share of the UK entity (PLC), which would give the shareholders shares in the capital of New Unilever NV economic interest equivalent.

The amendments require the approval of the shareholders of both entities as well as the applicable regulatory approvals.

NV Shareholders and Certificate Holders will be held in Rotterdam on October 25th and PLC Shareholders' Meetings will be held in London on October 26th.

The last expected trading day of NV and PLC shares will be December 21st.

The simplification process is expected to end on the weekend of December 22-23, with New Unilever NV shares starting on December 24.