07 March 2006
AGM Resolutions & Listings
Unilever today announces that it will be bringing to its Annual General Meetings
to be held on Monday 8 and Tuesday 9 May 2006 resolutions on, amongst others,
1. Re-election of Executive Directors
Kees van der Graaf
2. Re-election of Non-Executive Directors
Jeroen van der Veer
3. Election of new Non-Executives
Charles Golden - Executive Vice President and Chief Financial
Officer of Eli Lilly and Company
Byron Grote - Chief Financial Officer of BP p.l.c.
Jean-Cyril Spinetta - Chairman/Chief Executive Officer of Air
Kornelis (Kees) Storm - former Chairman of the Executive Board of
The following directors will retire at the conclusion of the AGM:
4. To give authority to the Directors allowing them greater flexibilty to
allocate assets between both parent companies and to amend the Deed of
5. In order to improve transparency and establish a one-to-one equivalence in
their economic interests in the Unilever Group, it is proposed that:
• the N.V. ordinary shares be split 3 to 1. As a consequence, the New York
registered shares will also be split 3 to 1.
• the PLC ordinary shares to be consolidated 9 to 20. As a result of the
consolidation, the PLC ADRs, which currently comprise four Unilever PLC
shares of 1.4 pence each, will be changed to comprise one Unilever PLC share
of 3 1/9 pence.
6. To remove the binding nomination procedure, whilst ensuring unity of
management, so as to allow shareholders the right to put forward candidates
for appointment as Directors at the meeting.
Further details on the above resolutions and the other resolutions to be
proposed at the AGMs will be included in the Notices of the Annual General
Meetings due to be published on 29 March 2006.
Unilever also announced today that it has decided to delist the Unilever N.V.
(depositary receipts for) ordinary shares from the stock exchanges in Frankfurt
and Zurich. The main reason for this decision is the low trading volumes in the
Unilever N.V. (depositary receipts for) ordinary shares at both stock exchanges.
Further announcements on the implementation of the delisting procedures will
follow in due course.
Unilever N.V. (depositary receipts for) ordinary shares will remain listed on
Euronext Amsterdam and on the New York Stock Exchange.
Unilever PLC ordinary shares are listed on the London Stock Exchange and on the
New York Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange