Summary by Futu AI
Unilever PLC has announced the completion of its €1.5 billion share buyback programme on November 5, 2024. The programme, initially announced on February 8, 2024, was executed in two tranches. The first tranche, announced on May 17, 2024, resulted in the purchase of 13,437,701 ordinary shares with a market value of €700,101,906.The second and final tranche, announced on September 13, 2024, saw the acquisition of 13,931,208 ordinary shares, with an aggregate market value of €799,897,969. This concludes the full €1.5 billion share repurchase initiative, demonstrating Unilever's commitment to returning value to shareholders.Unilever, a global leader in Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream products, reported sales of €59.6 billion in 2023. The company's products are used by 3.4 billion people daily across 190 countries, supported by a workforce of 128,000 employees.