Introduction#
Unilever PLC has announced the start of a significant share buyback program worth up to €1.5 billion. This initiative is part of the company's strategy to manage its capital effectively.
Details of the Buyback Program#
The share buyback program commenced today and is set to conclude on or before July 6, 2026. The goal is to repurchase up to 223,263,040 shares. This plan was first mentioned in Unilever’s full-year results for 2025 and has been reiterated in the company’s recent trading statement.
Authority and Management#
The buyback is conducted under the authority granted to Unilever’s board by shareholders during a general meeting held on April 30, 2025. This authority was updated in a subsequent meeting on October 21, 2025, which included discussions about share consolidation.
Role of Morgan Stanley#
Unilever has appointed Morgan Stanley & Co. International PLC to manage the buyback process. The investment bank will make trading decisions independently, following non-discretionary instructions from Unilever. The company plans to announce repurchases on a weekly basis, with disclosures made no later than the seventh trading day after each buyback.
Company Overview#
In 2025, Unilever reported sales of €50.5 billion and operates across approximately 190 countries, employing around 96,000 people. The company is divided into four main business groups: Beauty & Wellbeing, Personal Care, Home Care, and Foods.