Trian Investors 1 finalises details of Unilever share distribution

Provided timeline of schedule

Trian 1 Investors has provided finer details of its share redemption plan for Unilever shares two weeks on from the completion of the transaction.

In an update, the board said that according to the last price on 16 February, when it said the order had been completed, Unilever's shares were distributed at a ratio of 0.0430749929 per share in Trian Investors 1. Fractional entitlements will not be distributed and shares will be rounded down to the nearest whole figure, with any fractional entitlements aggregated and sold in the market. Trian Investors 1 distributes all Unilever shares amid wind-up Any net cash from these sales will split among relevant shareholders via central securities depository CREST shortly after entitlemen...