Unilever to Complete Ice Cream Business Spin Off This Week

Unilever PLC (LON: ULVR) has announced the completion of the demerger of its ice cream business, The Magnum Ice Cream Company N.V. (TMICC), slated for December 6, 2025.

This strategic move aims to unlock value by creating a separate, focused entity for its popular ice cream brands.

Trading of TMICC shares is expected to commence on Monday, December 8, 2025, across Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange. The prospectus for TMICC's listing on Euronext Amsterdam has been published, with the registration statement for its NYSE listing also effective.

Following the demerger, Unilever will undertake a share consolidation to maintain comparability in its share price and per-share metrics. This consolidation, approved by shareholders on October 21, 2025, seeks to prevent any distortion in key financial indicators like earnings per share and dividends per share.

The ex-dividend date for the demerger is set for Monday, December 8, 2025, coinciding with the commencement of TMICC share trading. The share consolidation will become effective on Tuesday, December 9, 2025, with new Unilever shares beginning trading that same day.

Unilever's share consolidation aims to adjust the number of outstanding shares while increasing the nominal value per share. This is a technical adjustment designed to ensure that Unilever’s stock remains attractive to investors and that financial ratios are not skewed by the demerger. Further details regarding the ratio for the share consolidation are expected to be determined on the afternoon of Monday, December 8, 2025.

Key Dates for Investors

• Demerger Effective Time: 6:00 p.m. on Saturday, December 6, 2025.
• TMICC Trading Commences: Monday, December 8, 2025 (Amsterdam, London, New York).
• Share Consolidation Effective: Tuesday, December 9, 2025.