Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
Meeting everyday needs of people everywhere - Unilever
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Dividends<br />
Our interim ordinary dividends are normally announced in<br />
November and paid in December. Final ordinary dividends<br />
are normally proposed in February and, if approved by<br />
shareholders at the Annual General <strong>Meeting</strong>, paid in May.<br />
The Annual General <strong>Meeting</strong> <strong>of</strong> 4 May 1999, approved:<br />
•<br />
•<br />
•<br />
the payment <strong>of</strong> a special dividend <strong>of</strong> Fl. 14.50 per<br />
existing ordinary share <strong>of</strong> NV.<br />
the payment <strong>of</strong> a special dividend <strong>of</strong> 66.13p per<br />
existing ordinary share <strong>of</strong> PLC.<br />
the consolidation <strong>of</strong> our ordinary share capital on the<br />
basis <strong>of</strong> 100 new ordinary shares for every 112 existing<br />
ordinary shares on 10 May 1999.<br />
As a result the denomination <strong>of</strong> the ordinary capital was<br />
changed. The nominal value <strong>of</strong> NV ordinary shares is now<br />
Fl. 1.12 per share, and <strong>of</strong> PLC ordinary shares is 1.4p per<br />
share. The amount paid as a special dividend was<br />
equivalent to approximately 10.6% <strong>of</strong> NV and PLC’s<br />
combined market capitalisation prior to the announcement.<br />
Dividends per Fl. 1.12 (1995-1998: Fl. 1) ordinary share<br />
paid for the last five years are shown in the following<br />
table. Dividends have been translated at the exchange<br />
rates prevailing on the dates <strong>of</strong> declaration <strong>of</strong> the<br />
dividends.<br />
The interim dividend is normally 35% <strong>of</strong> the previous<br />
year’s total normal dividend per share, based on the<br />
stronger <strong>of</strong> our two reporting currencies over the first<br />
nine months <strong>of</strong> the year. Equalisation <strong>of</strong> the dividend<br />
in the other currency takes place at the average exchange<br />
rate <strong>of</strong> the third quarter.<br />
00000000000000001111<br />
1995 1996 1997 1998 1999<br />
0000000011111101111 01111 01111 01111 01111<br />
Interim Fl. per Fl. 1.12 (1995-1998: Fl. 1) 0.37 0.56 0.74 0.81 0.88<br />
Exchange rate Fl. to $ 1.5804 1.6928 1.9208 1.8717 2.1173<br />
Interim $ per Fl. 1.12 (1995-1998: Fl. 1) 0.234118 0.329336 0.385256 0.432762 0.415624<br />
Normal final Fl. per Fl. 1.12 (1995-1998: Fl. 1) 1.18 1.19 1.49 1.70 1.91<br />
Special final Fl. per Fl. 1 14.50<br />
Normal final exchange rate Fl. to $ 1.7040 1.9459 1.9951 2.0861 2.4725<br />
Special final exchange rate Fl. to $ 2.0861<br />
Normal final $ per Fl. 1.12 (1995-1998: Fl. 1) 0.691021 0.610257 0.74683 0.814918 0.772497<br />
Special final $ per Fl. 1 6.950769<br />
00000000111111011111101111110111111011110111111<br />
For the purposes <strong>of</strong> illustration, the US dollar dividends shown above are those paid on the Fl. 1.12 (1995-1998: Fl. 1) ordinary shares <strong>of</strong> NV registered in<br />
New York. The above exchange rates were those ruling on the dates <strong>of</strong> declaration <strong>of</strong> the dividend.<br />
SIGNATURE<br />
00000000000000001111<br />
Pursuant to the requirements <strong>of</strong> Section 12 <strong>of</strong> the Securities Exchange Act <strong>of</strong> 1934, the Registrant certifies that it meets<br />
all <strong>of</strong> the requirements for filing on Form 20-F and has duly caused this Annual Report to be signed on its behalf by the<br />
undersigned, thereunto duly authorised.<br />
UNILEVER N.V.<br />
J W B WESTERBURGEN 17 May 2000<br />
SECRETARY