2010 first half year results volume momentum sustained - Unilever
2010 first half year results volume momentum sustained - Unilever
2010 first half year results volume momentum sustained - Unilever
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(unaudited)<br />
11 DIVIDENDS<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
As agreed at the 2009 Annual General Meetings, <strong>Unilever</strong> moved to the payment of quarterly dividends with effect from<br />
1 January <strong>2010</strong>.<br />
The Boards have declared a quarterly interim dividend for Q2 <strong>2010</strong> at the following rates which are equivalent in value at the<br />
rate of exchange applied under the terms of the Equalisation Agreement between the two companies:<br />
Per <strong>Unilever</strong> N.V. ordinary share: € 0.208<br />
Per <strong>Unilever</strong> PLC ordinary share: £ 0.1726<br />
Per <strong>Unilever</strong> N.V. New York share: US$ 0.2750<br />
Per <strong>Unilever</strong> PLC American Depositary Receipt: US$ 0.2750<br />
The quarterly interim dividends have been determined in euros and converted into equivalent sterling and US dollar amounts<br />
using exchange rates issued by the European Central Bank on 3 August <strong>2010</strong>.<br />
The quarterly interim dividends will be payable as from 15 September <strong>2010</strong>, to shareholders registered at close of business on<br />
13 August <strong>2010</strong>. The shares will go ex-dividend on 11 August <strong>2010</strong>.<br />
US dollar checks for the quarterly interim dividend will be mailed on 14 September <strong>2010</strong>, to holders of record at the close of<br />
business on 13 August <strong>2010</strong>. In the case of the NV New York shares, Netherlands withholding tax will be deducted.<br />
The quarterly dividend calendar for the remainder of <strong>2010</strong> will be as follows:<br />
Calendar Year <strong>2010</strong><br />
Announcement Date Ex-Dividend Date Record Date Payment Date<br />
Quarterly dividend – for Q2 <strong>2010</strong> 5 August <strong>2010</strong> 11 August <strong>2010</strong> 13 August <strong>2010</strong> 15 September <strong>2010</strong><br />
Quarterly dividend – for Q3 <strong>2010</strong> 4 November <strong>2010</strong> 10 November <strong>2010</strong> 12 November <strong>2010</strong> 15 December <strong>2010</strong><br />
12 ACQUISITIONS AND DISPOSALS<br />
On 18 January <strong>2010</strong> we announced a definitive agreement with Hormel Foods Corporation to sell our Shedd's Country Crock<br />
branded side dish business in the US. The transaction was completed in February <strong>2010</strong>. Under the terms of the agreement,<br />
Hormel will market and sell Shedd’s Country Crock chilled side-dish products, such as homestyle mashed potatoes, under a<br />
licence agreement.<br />
On 26 April <strong>2010</strong> we announced the agreement with Strauss Holdings Ltd to increase the <strong>Unilever</strong> shareholding in Glidat<br />
Strauss Israel from 51% to 90% for an undisclosed sum. This transaction is subject to anti-trust and regulatory approval, which<br />
is in progress.<br />
On 1 June <strong>2010</strong> we completed the disposal of the Brunch brand in Germany to Bongrain.<br />
On 19 July <strong>2010</strong> we announced the disposal of our frozen foods business in Italy for €805m to Birds Eye Iglo. The transaction is<br />
subject to relevant EU anti-trust regulatory approvals. The assets and liabilities related to this business are reported as held for<br />
sale.<br />
We now expect to complete the acquisition of the Personal Care business of Sara Lee in Q4 <strong>2010</strong>.<br />
13 EVENTS AFTER THE BALANCE SHEET DATE<br />
There were no material post balance sheet events other than those mentioned elsewhere in this report.<br />
16