REG - Coca-Cola EP PLC - Update statement on 2023 AGM voting results

Coca-Cola Europacific PartnersAnnouncement

24/11/2023 14:30

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RNS Number : 6433U  Coca-Cola Europacific Partners plc  24 November 2023

24 November 2023

Coca-Cola Europacific Partners plc

("the Company")

Update statement on 2023 Annual General Meeting voting results

At the Company's 2023 Annual General Meeting ("AGM") held on 24 May 2023, all
resolutions were successfully passed with the requisite majority of votes.
However, in respect of resolution 24 ("Rule 9 Waiver Resolution"), we
acknowledge that a number of our shareholders did not support the resolution
(of votes cast, 78.07% voted in favour)

The Rule 9 Waiver Resolution related to the approval by independent
shareholders of a waiver obtained from the Panel on Takeovers and Mergers in
respect of an obligation that could arise on Olive Partners, S.A. ("Olive"),
or any persons acting in concert with Olive, to make a general offer for all
the issued ordinary share capital of the Company following any increase in the
percentage of shares held by Olive, or any persons acting in concert with
Olive, resulting from the exercise by the Company of the authority to purchase
its own shares pursuant to resolutions 28 and 29 (which received approval from
99.78% and 98.42% of those voting respectively). The Board believes that it is
in the best interests of shareholders that the Company has the flexibility to
return value to shareholders through a possible future buyback programme. If
the Rule 9 Waiver Resolution had not been approved, the Company would not be
able to effect such buyback programmes as explained in the 2023 Notice of AGM.

Since the AGM, the Company has continued to engage where appropriate with its
shareholders to address any concerns they may have. The Company has also
communicated with Institutional Shareholder Services on their standing policy
to recommend a vote against a Rule 9 waiver which we believe may be
influencing investor decisions in this regard.

CONTACTS

 Company Secretariat  Investor Relations  Media Relations

 Clare Wardle         Sarah Willett       Shanna Wendt

 T +44 20 7355 8406   +44 7970 145 218    T +44 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 2 million customers across 30 countries grow their
business. 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,
the NASDAQ Global Select Market, London Stock Exchange and on the Spanish
Stock Exchanges, trading under the symbol CCEP. For more information about
CCEP, please visit www.cocacolaep.com & follow CCEP on Twitter at
@CocaColaEP.

 

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