Unilever PLC Director/PDMR Shareholding (0675M)

TIDMULVR

RNS Number : 0675M

Unilever PLC

25 July 2017

Unilever PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------------- 
 a)   Name                        Keith Weed 
---  -------------------------  ------------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------------- 
 a)   Position/status            Chief Marketing & Communications 
                                  Officer (a member of the Unilever 
                                  Leadership Executive ("ULE")) 
---  -------------------------  ------------------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------------- 
 a)   Name                       Unilever PLC 
---  -------------------------  ------------------------------------------- 
 b)   LEI                        549300MKFYEKVRWML317 
---  -------------------------  ------------------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  ---------------------------------------------------------------------- 
 a)   Description of 
       the financial               Unilever PLC ordinary 3 1/9 pence 
       instrument, type            shares 
       of instrument 
                                   GB00B10RZP78 
       Identification 
       code 
---  -------------------------  ------------------------------------------- 
 b)   Nature of the              Exercise of right (for nil consideration) 
       transaction                to acquire up to 26,016 Unilever 
                                  PLC Ordinary shares of 3 1/9p 
                                  each ("Shares"), together with 
                                  additional Shares in satisfaction 
                                  of dividend equivalents, on 30 
                                  July 2017 (or nearest trading 
                                  day thereafter), relating to vested 
                                  entitlements held pursuant to 
                                  the Unilever Global Share Incentive 
                                  Plan 2007. 
 
                                  As announced on 31 July 2012, 
                                  Unilever PLC restructured the 
                                  reward packages of a small group 
                                  of long standing UK employees. 
                                  As part of this restructuring, 
                                  Unilever PLC agreed with Keith 
                                  Weed (PDMR) to replace his contractual 
                                  entitlement to pension benefits 
                                  with a right to receive Shares 
                                  under the Unilever Global Share 
                                  Incentive Plan 2007 (the "Award"), 
                                  as detailed within that announcement 
                                  on 31 July 2012. Under the terms 
                                  of the Award, provided the scheduled 
                                  "Share Distribution Date" has 
                                  occurred, Mr Weed has the right 
                                  to determine when Shares will 
                                  be delivered to him (within certain 
                                  parameters). Mr Weed has requested 
                                  that those Shares, for which the 
                                  relevant "Share Distribution Dates" 
                                  have occurred (being over 26,016 
                                  Shares), be settled on 30 July 
                                  2017 (or nearest trading day thereafter). 
                                  Unilever PLC intends to deliver 
                                  such Shares to Mr Weed on 31 July 
                                  2017, adjusted to include Shares 
                                  in satisfaction of dividend equivalent 
                                  entitlements payable in connection 
                                  with the Award and less sufficient 
                                  Shares withheld to cover tax liabilities. 
---  -------------------------  ------------------------------------------- 
 c)   Currency                   GBP - British Pound 
---  -------------------------  ------------------------------------------- 
 d)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    GBP0.00     26,016 
                                   ----------  ---------- 
---  -------------------------  ------------------------------------------- 
 e)   Aggregated information 
 
       - Volume                    26,016 
 
       - Total                     GBP0.00 
---  -------------------------  ------------------------------------------- 
 f)   Date of the transaction    2017-07-20 
---  -------------------------  ------------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
---  -------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 25, 2017 11:41 ET (15:41 GMT)