Unilever has begun its share buy-back pro gramme. The company announced Feb. 8, 2007, it planned to buy back ordinary shares up to an aggregate market value of €1.5 billion in 2007. The buy-back program is reportedly an effort to provide a flexible route for returning cash to shareholders, over and above regular annual dividends.
The buy-back may be either Unilever NV or Unilever PLC shares or any combination of the two. According to the company, the buy-back program will take place within the limitations of authorities.