Unilever to buy back up to €165m of shares to pay awards

29th Apr 2019 10:42

(Sharecast News) - Unilever said it would spend up to €165m (£142m) buying back shares to make awards under its management co-investment plan.The Anglo-Dutch consumer goods company said it would buy a maximum of 995,000 Unilever Plc ordinary shares and 1.787m Unilever NV ordinary shares. It will start buying the shares on 29 April and will end the programme no later than 17 May.UBS London will conduct the share purchases and make trading decisions independently of the company, the maker of PG Tips tea and Dove soap said.The company will also buy up to 81,000 American depositary shares of Unilever Plc and up to 891,000 New York registry shares of Unilever NV for the same purpose, the company said.