The Board of Trian Investors 1 Limited (LSE:TI1) announced the spin off of 94.09256% stake in Unilever PLC (LSE : ULVR) on February 16, 2023. The Share Distribution will be undertaken at a ratio of 0.0430749929 Unilever ordinary shares for each Ordinary Share of Trian Investors 1 Limited. The Record date for the transaction is March 10, 2023.