REG - Coca-Cola EP PLC - Update statement on 2024 AGM voting results

Coca-Cola Europacific PartnersAnnouncement

18/11/2024 14:00

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RNS Number : 6504M  Coca-Cola Europacific Partners plc  18 November 2024

18 November 2024

Coca-Cola Europacific Partners plc

("the Company")

Update statement on 2024 Annual General Meeting voting results

At the Company's 2024 Annual General Meeting ("AGM") held on 22 May 2024, all
resolutions were successfully passed with the requisite majority of votes.
However, in respect of resolution 23 ("Rule 9 Waiver Resolution"), we
acknowledge that a number of our shareholders did not support the resolution
(of votes cast, 77.06% 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 26 and 27 (which received approval from
99.85% and 99.51% 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 2024 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   T +44 7970 145 218   T +44 7976 595 168

 

ABOUT CCEP

CCEP is one of the world's leading consumer goods companies. We make, move and
sell some of the world's most loved brands - serving nearly 600 million
consumers and helping over 4 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 & follow CCEP on LinkedIn @ Coca-Cola
Europacific Partners | LinkedIn

 

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