viewUnilever PLC

Another Unilever shareholder confirms it will vote against Dutch relocation

Unilever shareholders Columbia Threadneedle Investments, Schroders, Aviva and Legal & General Investment Management are also against the move

Unilever wants to move the business as part of a plan to simplify its corporate structure

Another Unilever PLC (LON:ULVR) shareholder has said it would vote against the consumer goods company’s plan to relocate the headquarters to the Netherlands.

Royal London Asset Management (RLAM), which owns 0.72% of Unilever, said it would be forced to sell its shares if the move goes ahead.

READ: Unilever shareholder Columbia Threadneedle joins raft of investors against Dutch move

“Unilever might be able to convince European shareholders that the move makes sense for the company and for them as investors in the long term, but it’s hard for a UK investor to see an incentive to vote in favour,” said Mike Fox, head of sustainable investments at Royal London Asset Management.

Other shareholders who have said they would vote against the move include Columbia Threadneedle Investments, Schroders, Aviva and Legal & General Investment Management.

Unilever, the owner of the Marmite and Dove brands, wants to move the business from London to Rotterdam as part of a plan to simplify its corporate structure. The plan will see the company switch from two classes of shares to one. 

The worry for investors is that Unilever will be ousted from the FTSE 100 if it moves its base to the Netherlands, meaning passive funds that track FTSE indices would be forced to sell.

Quick facts: Unilever PLC

Price: 4193 GBX

Market: LSE
Market Cap: £109.72 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Protech Home Medical has a full treasury as they look for rapid growth in...

Protech Home Medical (CVE: PTQ- OTCQX: PTQQF) CEO Greg Crawford joined Steve Darling from Proactive to discuss the home medical equipment industry company. That company provides devices like ventilators and oxygen concentrators. Crawford told Proactive the company just completed a large...

17 hours, 36 minutes ago

2 min read