Sep 25, 2018

Unilever appeals to small shareholders ahead of vote

Marijn Dekkers, chairman of Unilever, on Tuesday urged small UK shareholders to back the company's proposal to scrap its dual-listed structure and move its headquarters to the Netherlands. The plea came as part of a concerted push by the maker of Dove soap and Ben & Jerry's ice cream to win over shareholders now that voting has begun ahead of key meetings on October 25 and 26. Mr Dekkers argued that small shareholders should not be spooked by the declarations of prominent fund managers, because in this case their interests were not aligned. "Asked what the fallback plan would be if the vote did not pass muster, Mr Dekkers declined to say."I won't speculate on what other options would be, but I can tell you none are as good for shareholders as this one. "We'll have to deal with whatever the outcome of the vote is, but it would not be good for Unilever or the shareholders if this fails."

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