Unilever PLC Announces Magnum Ice Cream Demerger & Share Consolidation

Ticker: UNLYF · Form: 6-K · Filed: Oct 2, 2025 · CIK: 217410

Sentiment: neutral

Topics: demerger, restructuring, corporate-action

TL;DR

Unilever's splitting off Magnum ice cream and consolidating shares - big changes ahead!

AI Summary

Unilever PLC filed a Form 6-K on October 2, 2025, announcing a Notice of EGM Circular regarding the demerger of the Magnum Ice Cream Company and a share consolidation. The filing was made as of October 2, 2025, and is related to a previous name change from Unilever Ltd in 1982.

Why It Matters

This filing signals a significant corporate restructuring for Unilever, potentially impacting its brand portfolio and shareholder structure.

Risk Assessment

Risk Level: medium — Demergers and share consolidations can introduce complexity and uncertainty for investors, impacting stock performance and valuation.

Key Players & Entities

FAQ

What is the purpose of the EGM Circular mentioned in the filing?

The EGM Circular is related to the demerger of the Magnum Ice Cream Company and a share consolidation of Unilever PLC.

What is the filing date of this Form 6-K?

The filing date is October 2, 2025.

What is the primary business of Unilever PLC according to the filing?

Unilever PLC is in the business of SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS.

Has Unilever PLC undergone a name change previously?

Yes, the company was formerly known as Unilever Ltd and the name change occurred on April 29, 1982.

Is Unilever PLC a US-based company?

No, the filing indicates that Unilever PLC's business address is a non-US location in London, England.

Filing Stats: 4,639 words · 19 min read · ~15 pages · Grade level 13.4 · Accepted 2025-10-02 06:03:12

Filing Documents

Expected Timeline of Principal Events 10

Part I Expected Timeline of Principal Events 10

Information on the TMICC Group 17

Part III Information on the TMICC Group 17

Information on the Demerger 19

Part IV Information on the Demerger 19

Information on the Share Consolidation 27

Part V Information on the Share Consolidation 27

Glossary 37

Part VII Glossary 37 Schedule 1 Corporate Sponsored Nominee T&Cs 41 Schedule 2 Direct Registration System T&Cs 49 Schedule 3 Notice of General Meeting 51 Table of contents Toppan Merrill - Verdi Mailing Notice of EGM Circular ED | 120838 | 01-Oct-25 06:42 | 25-24630-1.ba | Sequence: 1 CHKSUM Content: 19825 Layout: 32106 Graphics: 0 CLEAN JOB: 25-24630-1 CYCLE#;BL#: 12; 0 TRIM: 8.27" x 11.69" AS: London: 011-44-20-7422-6100 COLORS: Dark, ~note-color 2, Black, C=14 M=7 Y=13 K=0 GRAPHICS: none V1.5 Separation and presentation of information The Separation of the Ice Cream Business from Unilever as outlined in this document is subject to certain conditions including (amongst other things) the obtaining of certain regulatory approvals including the admission of TMICC Shares to various stock exchanges. Details of the key terms of the Separation are outlined in the document and will be further described in the TMICC Prospectuses to be published. The Directors will not take the necessary steps to implement the Demerger or the Share Consolidation unless and until the relevant conditions have been or will be satisfied (or, where applicable, waived) and, at the relevant time, the Directors consider that it continues to be in the best interests of Unilever Shareholders and Unilever ADS Holders that the Demerger and the Share Consolidation be implemented. There is no certainty or assurance that all regulatory approvals will be received, or that Separation will complete, on the intended schedule or at all. General remains subject to change without notice. Unilever may in its absolute discretion, but without being under any obligation to do so, update or supplement this document. However, except as required by law, Unilever does not intend to, or undertake to, or assume any obligation to, provide any additional information or revise the statements in this document, wh

Forward-looking statements

Forward-looking statements This document contains forward-looking statements. The words “guidance”, “foresee”, “likely”, “potential”, “anticipate”, “believe”, “aim”, “estimate”, “expect”, “intend”, “may”, “target”, “plan”, “forecast”, “project”, “schedule”, “will”, “should”, “seek” and other similar words or expressions are intended to identify forward-looking statements. Similarly, statements that describe the objectives, plans, goals or expectations of Unilever are or may be forward-looking statements. You should be aware that those statements and any assumptions on which they are based are only opinions and are Those risks and uncertainties include factors and risks specific to the industries in which Unilever operates, as well as general economic conditions, prevailing exchange rates and interest rates and conditions in financial markets (for example (not exhaustive) price fluctuations, actual demand, currency fluctuations, production results, operating results, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries, approvals and cost estimates). If any of these variables or other assumptions were to change or be found to be incorrect, this would be likely to cause outcomes to differ from the statements made in this document. General Information 1 Unilever Shareholder Circular Toppan Merrill - Verdi Mailing Notice of EGM Circular ED | 120838 | 01-Oct-25 06:42 | 25-24630-1.ca | Sequence: 1 CHKSUM Content: 25249 Layout: 32450 Graphics: 0 CLEAN JOB: 25-24630-1 CYC

of this document provides Unilever Shareholders with further information on the Demerger

Part IV of this document provides Unilever Shareholders with further information on the Demerger. From a single company Unilever Beauty & Wellbeing Personal Care Home Care Foods Ice Cream Unilever Beauty & Wellbeing Personal Care Home Care Foods Incorporated in the UK, listed in London, Amsterdam and New York The Magnum Ice Cream Company Incorporated in the Netherlands, listed in Amsterdam, London and New York To two companies 4 Unilever Shareholder Circular Letter from the Chair of Unilever - continued Toppan Merrill - Verdi Mailing Notice of EGM Circular ED | 120838 | 01-Oct-25 06:43 | 25-24630-1.da | Sequence: 2 CHKSUM Content: 14007 Layout: 50370 Graphics: 5934 CLEAN JOB: 25-24630-1 CYCLE#;BL#: 12; 0 TRIM: 8.27" x 11.69" AS: London: 011-44-20-7422-6100 COLORS: Dark, Yellow, Magenta, C=14 M=7 Y=13 K=0, Cyan, ~note-color 2, Black GRAPHICS: 24630-1_unil_mag_4c_flow.eps V1.5 It also describes the way in which Qualifying Shareholders and Qualifying ADS Holders will receive TMICC Shares, including fractional entitlements, and the way in which TMICC Shares can be traded and settled on the relevant stock exchanges following the Demerger. Notwithstanding the above, if the Unilever Board determines at any time that the Demerger no longer continues to be in the best interests of Unilever and the Unilever Shareholders, it is entitled, in its sole discretion, to decide not to proceed with the Demerger (and the Share Consolidation). 3. The TMICC Group The TMICC Group is a global market leader in ice cream across developed and emerging markets, operating in 80 countries. Accounting for approximately 21 per cent. of the global retail ice cream market in 2024, the TMICC Group is the largest ice cream company by retail sales in the world.1

of this document contains a brief description of the TMICC Group and its business and of the arrangements that

Part III of this document contains a brief description of the TMICC Group and its business and of the arrangements that have been entered into as part of Separation, including details of key transitional arrangements between Unilever and the TMICC Group. Further information on the TMICC Group will be available in the TMICC Prospectuses (once published), and shareholders are encouraged to read the relevant TMICC Prospectus in full. 4. Share Consolidation of Unilever Following the Demerger, the Unilever Group itself will no longer own the Ice Cream Business (other than as a minority shareholder through its holding of the Retained Shares). As a result, Unilever expects that its market capitalisation and share price will likely adjust to reflect the revised scope of its business operations. Therefore, in connection with the Demerger and conditional on its completion, it is also proposed that Unilever will consolidate (or sub-divide and consolidate) its existing issued share capital in order to reduce the total number of Unilever Shares in issue (while increasing the nominal value per share). The Share Consolidation is intended to maintain comparability between Unilever’s share price and per share metrics (including earnings per share and dividends per share) before and after the Demerger, while also preserving (as far as reasonably possible) the value of awards granted under Unilever Share Plans, avoiding the need for any specific adjustments to the numbers of awards under those plans. As all Existing Unilever Shares will be consolidated, whilst each Unilever Shareholder will hold fewer New Unilever Shares by number, each Unilever Shareholder will still hold the same proportion of Unilever’s share capital after the Share Consolidation as they held immediately before it. Although the New Unilever Shares will have a different nominal value, they will have the same rights and be subject to the same restrictions (save as to nominal value) as the Existing Unile

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