European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

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Event-Driven

Shareholders end dual structure after 90 years. The mass consumer products giant will be unified at the end of November into a single company that will be based in London.The goal is to simplify the structure and streamline corporate decision making.
<ul>
<li>Shareholders of London listed <a href="https://www.smartkarma.com/entities/unilever-plc" target="_blank" data-smartkarma-citation="entities:22197:1" rel="noopener">Unilever PLC (ULVR LN)</a> approved yesterday with more than 99% of the votes to end the dual structure, with headquarters in the United Kingdom and the Netherlands, which the company has had for the last 90 years.</li>
<li>Shareholders of the Dutch listed <a href="https://www.smartkarma.com/entities/unilever-nv" target="_blank" data-smartkarma-citation="entities:21141:1" rel="noopener">Unilever NV (UNA NA)</a> approved the decision last month with more than 99% of the votes. </li>
</ul>
Unification is expected to become effective on 29 November 2020, with dealings in new Unilever PLC shares (including new Unilever PLC Shares represented by ADS) commencing on 30 November 2020.
<ul>
<li>Unilever PLC shares will continue to be included in the FTSE 100 (with a higher weighting).</li>
<li>following the listing of Unilever PLC shares on Euronext Amsterdam, the shares will also be included in the AEX Index, as well as the STOXX Europe 600 index (and other relevant pan-European indices).</li>
</ul>
<a href="https://www.smartkarma.com/entities/unilever-nv" target="_blank" data-smartkarma-citation="entities:21141:1" rel="noopener">Unilever NV (UNA NA)</a> shares closed yesterday at a discount of 1.48% to Unilever Plc., below the 10-year average, which is a discount of 0.27%. The discount should close as a result of the merger. The trade is LONG <a href="https://www.smartkarma.com/entities/unilever-nv" target="_blank" data-smartkarma-citation="entities:21141:1" rel="noopener">Unilever NV (UNA NA)</a> / SHORT <a href="https://www.smartkarma.com/entities/unilever-plc" target="_blank" data-smartkarma-citation="entities:22197:1" rel="noopener">Unilever PLC (ULVR LN)</a> . (Please note there is currency risk, which can be hedged).

Shareholders end dual structure after 90 years. The mass consumer products giant will be unified at the end of November into a single company that will be based in London.The goal is to simplify the structure and streamline corporate decision making.

Shareholders of London listed Unilever PLC (ULVR LN) approved yesterday with more than 99% of the votes to end the dual structure, with headquarters in the United Kingdom and the Netherlands, which the company has had for the last 90 years.
Shareholders of the Dutch listed Unilever NV (UNA NA) approved the decision last month with more than 99% of the votes. 

Unification is expected to become effective on 29 November 2020, with dealings in new Unilever PLC shares (including new Unilever PLC Shares represented by ADS) commencing on 30 November 2020.

Unilever PLC shares will continue to be included in the FTSE 100 (with a higher weighting).
following the listing of Unilever PLC shares on Euronext Amsterdam, the shares will also be included in the AEX Index, as well as the STOXX Europe 600 index (and other relevant pan-European indices).

Unilever NV (UNA NA) shares closed yesterday at a discount of 1.48% to Unilever Plc., below the 10-year average, which is a discount of 0.27%. The discount should close as a result of the merger. The trade is LONG Unilever NV (UNA NA) / SHORT Unilever PLC (ULVR LN) . (Please note there is currency risk, which can be hedged).

Unilever's DLC Unwinding: Shareholder Approval, Timetable, Listing Considerations.