REG - Coca-Cola EP PLC - Result of AGM

Coca-Cola Europacific PartnersAnnouncement

22/05/2024 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240522:nRSV5224Pa&default-theme=true

RNS Number : 5224P  Coca-Cola Europacific Partners plc  22 May 2024

Coca-Cola Europacific Partners plc - Results of 2024 Annual General Meeting

 

The Annual General Meeting of Coca-Cola Europacific Partners plc (the
"Company") was held at 1A Wimpole Street, London, W1G 0EA, United Kingdom on
22 May 2024.

 

All 28 resolutions put to the members were passed on a poll. Accordingly,
resolutions 1 to 23 were passed as ordinary resolutions and resolutions 24 to
28 were passed as special resolutions.

 

The results of the polls are set out below:

 

 Resolution                                                                           For (see note 1)        Against (see note 1)      Issued share capital represented by votes (see note 2) %  Votes withheld (see note 3)
         Votes                                                                        %            Votes      %
 1       Receipt of the Report and Accounts                                           417,915,503  99.98%     84,142       0.02%        90.80%                                                    165,250
 2       Approval of the Directors' Remuneration Report                               408,427,256  97.69%     9,671,156    2.31%        90.82%                                                    66,483
 3       Election of Guillaume Bacuvier as a director of the Company                  417,344,334  99.82%     753,320      0.18%        90.82%                                                    67,241
 4       Re-election of Manolo Arroyo as a director of the Company                    352,724,956  84.40%     65,209,737   15.60%       90.79%                                                    230,202
 5       Re-election of John Bryant as a director of the Company                      408,678,515  97.75%     9,419,404    2.25%        90.82%                                                    66,976
 6       Re-election of José Ignacio Comenge as a director of the Company             352,652,123  84.38%     65,282,168   15.62%       90.79%                                                    230,604
 7       Re-election of Damian Gammell as a director of the Company                   416,806,975  99.69%     1,292,257    0.31%        90.82%                                                    65,663
 8       Re-election of Nathalie Gaveau as a director of the Company                  417,146,635  99.77%     956,155      0.23%        90.82%                                                    62,105
 9       Re-election of Álvaro Gómez-Trénor Aguilar as a director of the Company      413,747,999  98.97%     4,298,816    1.03%        90.81%                                                    118,080
 10      Re-election of Mary Harris as a director of the Company                      415,184,936  99.30%     2,917,792    0.70%        90.82%                                                    62,167
 11      Re-election of Thomas H Johnson as a director of the Company                 412,097,539  98.71%     5,389,827    1.29%        90.69%                                                    677,529
 12      Re-election of Dagmar Kollmann as a director of the Company                  413,468,454  98.89%     4,633,001    1.11%        90.82%                                                    63,440
 13      Re-election of Alfonso Líbano Daurella as a director of the Company          413,712,935  98.96%     4,332,282    1.04%        90.81%                                                    119,678
 14      Re-election of Nicolas Mirzayantz as a director of the Company               417,234,944  99.79%     863,710      0.21%        90.82%                                                    66,241
 15      Re-election of Mark Price as a director of the Company                       415,125,553  99.29%     2,973,834    0.71%        90.82%                                                    65,508
 16      Re-election of Nancy Quan as a director of the Company                       414,285,512  99.10%     3,763,369    0.90%        90.81%                                                    116,014
 17      Re-election of Mario Rotllant Solá as a director of the Company              413,720,470  98.97%     4,325,159    1.03%        90.81%                                                    119,266
 18      Re-election of Dessi Temperley as a director of the Company                  413,478,571  98.89%     4,620,609    1.11%        90.82%                                                    65,715
 19      Reappointment of the Auditor                                                 416,614,352  98.44%     6,612,884    1.56%        91.94%                                                    66,091
 20      Remuneration of the Auditor                                                  421,133,129  99.51%     2,057,505    0.49%        91.93%                                                    102,693
 21      Political Donations                                                          417,056,454  99.78%     918,561      0.22%        90.79%                                                    189,880
 22      Authority to allot new shares                                                408,033,822  97.60%     10,037,443   2.40%        90.82%                                                    93,630
 23      Waiver of mandatory offer provisions set out in Rule 9 of the Takeover Code  194,046,934  77.06%     57,772,359   22.94%       54.70%                                                    166,345,602
         (see note 4)
 24      General authority to disapply pre-emption rights                             415,239,434  99.54%     1,899,379    0.46%        90.61%                                                    1,026,082
 25      General authority to disapply pre-emption rights in connection with an       414,883,787  99.44%     2,322,775    0.56%        90.63%                                                    958,333
         acquisition or specified capital investment
 26      Authority to purchase own shares on market                                   417,292,312  99.85%     626,560      0.15%        90.78%                                                    246,023
 27      Authority to purchase own shares off market                                  415,861,913  99.51%     2,060,176    0.49%        90.78%                                                    242,806
 28      Notice period for general meetings other than annual general meetings        410,065,918  98.08%     8,021,153    1.92%        90.82%                                                    77,824

 

Notes:

 

 1  Votes "For" and "Against" are expressed as a percentage of votes received.

 2  As at 12:00pm on Monday 20 May 2024, the time by which shareholders who wanted
    to attend, speak and vote at the AGM must have been entered on the Company's
    register of members, there were 460,354,782 ordinary shares in issue.

 3  A "Vote Withheld" is not a vote in law and is not counted in the calculation
    of the proportion of votes "For" or "Against" a resolution.

 4  Resolution 23 was put to the AGM as a resolution of the shareholders of the
    Company other than Olive Partners, S.A. ("Olive") or any concert party of
    Olive.

 

Resolution 23, being the ordinary resolution to approve the waiver by the
Panel on Takeovers and Mergers under Rule 9 of the City Code on Takeovers and
Mergers (the "Rule 9 waiver") in connection with the Company's buyback
programme was duly passed by 77.06% of the votes cast by the independent
shareholders of the Company (being shareholders other than Olive and its
presumed concert parties) with 22.94% of votes cast against. Resolution 23 is
a standing agenda item at each Annual General Meeting to enable CCEP to
exercise the authorities under Resolution 26 to purchase its own shares on
market and Resolution 27 to purchase its own shares off market, which were
passed with majorities of 99.85% and 99.51% respectively. This will enable
CCEP to make use of the option to return value to shareholders through a
possible future buyback programme. Had Resolution 23 not been passed, the
Company would not have been able to effect such buyback programmes, as
explained in the Notice of AGM and also in the Letter to Shareholders issued
via RNS on 10 May 2024. CCEP intends to continue to engage with ISS on their
standing policy to generally recommend a vote against Rule 9 waivers which we
believe may be a contributing factor in influencing investor decisions in this
regard. In addition, CCEP will continue to engage, in normal course and as
appropriate, with shareholders who did not support Resolution 23 to understand
the reasons for their vote against the proposal and to continue a transparent
and constructive dialogue on this topic.

 

Olive is currently interested in 166,128,987 shares in the Company and the
Waiver does not entitle Olive to be interested in a greater number of shares.
The Waiver would allow Olive's interest in shares as a percentage of the
Company's total shares to increase as a result of the exercise of the
Company's authorities to purchase its own shares, but only to the extent that
the resulting interest of Olive, together with any concert parties, in the
shares of the Company did not then exceed 40.1034%.

 

In accordance with Listing Rule 14.3.6R, copies of the resolutions that do not
constitute ordinary business at an annual general meeting will be submitted to
the National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

CONTACTS

 

 Company Secretariat     Investor Relations      Media Relations

 Clare Wardle            Sarah Willett           Shanna Wendt

 T +44 (0)20 7355 8406   T +44 (0)7970 145 218   T +44 (0)7976 595 168

 

 

 

ABOUT CCEP

 

CCEP is one of the leading consumer goods companies in the world. We make,
move and sell some the world's most loved brands - serving 600 million
consumers and helping more than 2 million customers across 31 countries
grow.  We combine the strength and scale of a large, multi-national business
with an expert, local knowledge of the customers we serve and communities we
support.  The Company is currently listed on Euronext Amsterdam, NASDAQ (and
a constituent of the Nasdaq 100), London Stock Exchange and on the Spanish
Stock Exchanges, trading under the symbol CCEP.

 

For more information about CCEP, please visit www.cocacolaep.com
(https://www.cocacolaep.com) & follow CCEP on LinkedIn @Coca-Cola
Europacific Partners | LinkedIn

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGEASSAAEELEFA