UL · Unilever PLC

Unilever PLC has formally commenced a share buyback program (SBB) of up to €1.5 billion, fulfilling the capital return commitment outlined in its full year 2025 results released on February 12, 2026. The initiative is explicitly designed to reduce the company's share capital. The program is structured to operate within the authority granted by shareholders during the general meeting held on April 30, 2025, as amended in October 2025. This authority caps the maximum number of shares eligible for repurchase at 223,263,040.

The execution of the buyback has been delegated to Morgan Stanley & Co. International PLC under non-discretionary instructions. This arrangement allows the investment bank to make independent trading decisions regarding the timing and pricing of the repurchases, ensuring compliance with the Safe Harbour restrictions. The program is scheduled to run for a short duration, starting April 30, 2026, and concluding no later than July 6, 2026. Unilever has committed to transparency regarding the program's progress, stating that repurchases will be announced weekly and no later than the seventh trading day following the transaction date. This buyback reflects the company's strategy to return excess capital to shareholders, supported by the financial performance noted in the document which cited €50.5 billion in sales for 2025.