02 November 2006
UNILEVER REACTION TO STATEMENTS BY VEB AND COMMONWEALTH
Rotterdam, 2 November - Unilever has taken note of statements made today by
Dutch shareholders association VEB and CommonWealth Investments about a possible
settlement with regard to the 2005 conversion of preference shares, issued by
Unilever N.V. in 1999.
As announced today, Unilever has taken a provision in its third quarter 2006
results, for possible compensation payments. We can confirm that discussions
have taken place with various parties about a possible settlement.
There is, however, no agreement as Unilever's Board has as yet made no decision
on this matter. A Committee, established by the Unilever Board, has explored the
possibility of a settlement. It is expected that the Board will consider the
Committee's recommendation shortly.
At this stage we are not in a position to give any further information.
This information is provided by RNS
The company news service from the London Stock Exchange