Highlights

  • Unilever completes demerger of its ice cream business, creating TMICC.
  • TMICC shares to start trading on Amsterdam, London, and New York exchanges.
  • Unilever share consolidation will take effect following demerger on 9 December 2025.

Unilever PLC (LSE:ULVR) announced the completion of the demerger of its ice cream business, now operating as The Magnum Ice Cream Company N.V. (TMICC), effective 6 December 2025. TMICC published its prospectus on 3 December 2025 for listing on Euronext Amsterdam, the London Stock Exchange, and registration with the US Securities and Exchange Commission (SEC) for trading on the New York Stock Exchange. The registration statement became effective on 4 December 2025, allowing TMICC shares to be listed and traded internationally.

TMICC Shares to Begin Trading

TMICC ordinary shares are scheduled to commence trading on 8 December 2025. Trading will start at 9:00 a.m. Amsterdam time on Euronext Amsterdam, 8:00 a.m. London time on the London Stock Exchange, and 9:30 a.m. New York time on the NYSE. Credit to CREST, Euroclear, and DTC accounts will follow shortly after the opening of trading. Statements for TMICC shares and any fractional entitlements will be dispatched by 22 December 2025.

Unilever Share Consolidation

Following the demerger, Unilever will implement a share consolidation to reduce the total number of ordinary shares in issue while increasing their nominal value. Shareholders approved the consolidation on 21 October 2025. The consolidation is designed to maintain comparability of share price and per-share metrics, including earnings per share and dividends per share, before and after the demerger.

The Share Consolidation Record Time is 10:00 p.m. on 8 December 2025, with the consolidation becoming effective at 8:00 a.m. on 9 December 2025. New Unilever shares will begin trading on the London Stock Exchange at 8:00 a.m. and on Euronext Amsterdam at 9:00 a.m. New Unilever ADSs will start trading on the NYSE at 9:30 a.m. Certificates and any fractional payments are expected to be dispatched by 23 December 2025.

Share Price Snapshot
ULVR was trading GBX 4,435.0 per share as of 05 December 2025.