2nd Nov 2006 14:34
Unilever PLC02 November 2006 UNILEVER REACTION TO STATEMENTS BY VEB AND COMMONWEALTH Rotterdam, 2 November - Unilever has taken note of statements made today byDutch shareholders association VEB and CommonWealth Investments about a possiblesettlement with regard to the 2005 conversion of preference shares, issued by Unilever N.V. in 1999. As announced today, Unilever has taken a provision in its third quarter 2006results, for possible compensation payments. We can confirm that discussionshave taken place with various parties about a possible settlement. There is, however, no agreement as Unilever's Board has as yet made no decisionon this matter. A Committee, established by the Unilever Board, has explored thepossibility of a settlement. It is expected that the Board will consider theCommittee's recommendation shortly. At this stage we are not in a position to give any further information. END. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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