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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unilever PLC | EU:UNA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.27 | 0.55% | 49.44 | 49.44 | 49.45 | 49.48 | 49.15 | 49.15 | 457,144 | 15:31:54 |
From May 2019 to May 2024
By Maryam Cockar
Unilever PLC (ULVR.LN) said Friday that it has completed the first 3 billion-euro ($3.9 billion) tranche of its previously announced share-buyback program and will start the second tranche on July 20.
In April, the Anglo-Dutch consumer products company said it will buy back shares worth up to EUR6 billion and expects to complete the programmer before the end of the year.
Unilever said the buyback program is in line with its objectives of targeting a net debt to Ebitda ratio of 2x and returning the expected after-tax proceeds of the disposal of its spreads-and-margarine business.
Earlier in July, Unilever said it completed the sale of the spreads business to KKR & Co. (KKR) for $8.1 billion.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
July 20, 2018 02:34 ET (06:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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