Unilever announces the end of its dual-registered structure to make Netherlands its home base, in a bid to improve governance and shareholder value.
Unilever has announced a move to strengthen corporate governance with a shift to a "one share one vote" principle, as part of part of a restructuring that will see the global consumer goods company shift its headquarters to Rotterdam.
In a widely anticipated move, Unilever will simplify its legal standing from a dual PLC and NV structure to a single entity registered in the Netherlands.
In an interview for BBC Radio 4, chief executive Paul Polman said the decision was unrelated to Brexit.
The company announced the cancellation of preference shares based in the Netherlands, though Unilever shares will continue to be traded in London,
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