New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
15:30 EDTULUnilever simplifies PLC share structure with rights repurchase
Unilever announced that it has purchased, for a consideration of GBP715M, the rights left in family trusts by William Hesketh Lever which are convertible in 2038 into about 70.9M Unilever PLC ordinary shares. The consideration is equivalent to GBP10.09 per ordinary share and represents a discount of 63% to the closing share price on Friday May 16. As a result of this transaction core earnings per share will be enhanced by 2% on a full year basis as the fully diluted share count used in the calculation is reduced by 70.875M shares, or 2.4% of the combined Unilever Group total.
News For UL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 19, 2015
05:35 EDTULUnilever says CFO Jean-Marc Hut to step down in October
Unilever announced that its CFO, Jean-Marc Hut, has decided to step down from his role and the boards of Unilever. Hut, who joined Unilever in January 2010, will leave Unilever with effect from October 1. Unilever also announced that Graeme Pitkethly will succeed Hut as CFO with effect from October 1. Pitkethly will become a member of the Unilever Leadership Executive and he will be proposed for election to the boards at the annual meetings in April 2016. Pitkethly joined Unilever in 2002 and is currently Executive Vice President of the Unilever UK and Ireland business and prior to this he has held a number of senior financial roles within Unilever, including Head of M&A, Head of Treasury, Pensions and Tax and Chief Financial Officer of Unilever Indonesia.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use