SOURCE: Unilever

March 07, 2006 02:02 ET

Unilever announces AGM Resolutions & Listings

London/ Rotterdam -- (MARKET WIRE) -- March 7, 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, the following:


 1.      Re-election of Executive Directors
         Patrick Cescau
         Kees van der Graaf
         Ralph Kugler
         Rudy Markham

 2.      Re-election of Non-Executive Directors

         Antony Burgmans
         Leon Brittan
         Lynda Chalker
         Wim Dik
         David Simon
         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 France-KLM S.A.
         Kornelis (Kees) Storm  -  former Chairman of the Executive Board
                                   of AEGON N.V.


    The following directors will retire at the conclusion of the AGM:

    Bertrand Collomb
    Oscar Fanjul
    Hilmar Kopper


 4. To give authority to the Directors allowing them greater flexibilty to
    allocate assets between both parent companies and to amend the Deed of
    Mutual Covenants.

 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