REG - Coca-Cola HBC AG - Result of AGM

Coca Cola HBC AGAnnouncement

21/06/2022 16:30

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RNS Number : 6898P  Coca-Cola HBC AG  21 June 2022

 

 

 

FOR IMMEDIATE RELEASE

Coca-Cola HBC AG

Results of Annual General Meeting of Coca-Cola HBC AG

 

 

Zug, Switzerland - 21 June 2022 - Coca-Cola HBC AG ("Coca-Cola HBC") today
announces that all of the proposals of the Board of Directors (the "Board")
set out in the notice of the annual general meeting ("AGM") dated 19 May 2022
were duly passed by the requisite majority of shareholders at its AGM held
today, 21 June 2022. The final results are set out below. A copy of the
resolutions passed at the AGM has also been 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) and on Coca-Cola
HBC's website at www.coca-colahellenic.com
(../../../../PersonalData/377/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/7UVUUVT5/www.coca-colahellenic.com)
.

 

The AGM approved a dividend of EUR 0.71 per share ("Dividend") out of the
general capital contribution reserve, capped at an amount of CHF 300,000,000.
Payment of the full amount of the Dividend will be made on 2 August 2022 to
holders of ordinary shares on the record date of 8 July 2022. The shares are
expected to be traded ex-dividend as of 7 July 2022, in which case the last
day on which the shares may be traded with the entitlement to receive
dividends will be 6 July 2022.

 

Resolutions 7 and 9, the advisory votes to approve the UK Remuneration Report
and the Swiss Remuneration Report, were passed with approximately 67.17% of
the votes cast. Resolution 4.3 in relation to the re-election of Charlotte J.
Boyle, Chair of the Remuneration Committee, was also passed with approximately
78.11% of the votes cast. Consequently the Board will initiate a consultation
with shareholders on its approach to remuneration which will take place
between now and the next AGM in 2023, ensuring as many shareholders as
possible are able to provide their feedback on remuneration matters and on an
approach to remuneration that aligns as closely as possible with the balance
of shareholder views. All other resolutions were passed with high levels of
support ranging between approximately 86.54 and 99.94% and shareholders were
supportive of Resolution 8 on the Remuneration Policy, which was passed with
the support of approximately 96.03% of the votes cast.

 

Final Ballot Results

 

 Proposal                                                                                Votes      %       Votes Against  %       Abs-            %       Total Votes Cast  Votes not cast (()(2)())  Voting Rights Repre-


                                                                                         for        ((1))                  ((1))   tentions Cast   ((1))                                               sented % (()(3)())
 1.     Receipt of the 2021 Integrated Annual Report, as well as approval of the         269864913  99.92%  86028          0.03%   137729          0.05%   270088670         0                         73.71%
        annual management report, the stand-alone financial statements and the
        consolidated financial statements
 2.1.   Appropriation of losses                                                          269925704  99.93%  148603         0.06%   14363           0.01%   270088670         0                         73.71%
 2.2.   Declaration of dividend from reserves                                            269890537  99.92%  187270         0.07%   10863           0.01%   270088670         0                         73.71%
 3.     Discharge of the members of the Board of Directors and the members of the        260526456  96.77%  2939260        1.09%   5760784         2.14%   269226500         0                         73.47%
        Executive Leadership Team
 4.1.   Re-election of Anastassis G. David as a member of the Board of Directors and     246638953  91.31%  21327040       7.90%   2122677         0.79%   270088670         0                         73.71%
        as the Chairman of the Board of Directors
 4.2.   Re-election of Zoran Bogdanovic as a member of the Board of Directors            265369588  98.25%  4660617        1.73%   58465           0.02%   270088670         0                         73.71%
 4.3.   Re-election of Charlotte J. Boyle as a member of the Board of Directors and as   210964697  78.11%  59107472       21.88%  16501           0.01%   270088670         0                         73.71%
        a member of the Remuneration Committee
 4.4.   Re-election of Reto Francioni as a member of the Board of Directors and as a     233729847  86.54%  36065395       13.35%  293428          0.11%   270088670         0                         73.71%
        member of the Remuneration Committee
 4.5.   Re-election of Olusola (Sola) David-Borha as a member of the Board of            265872879  98.43%  4202990        1.56%   12801           0.01%   270088670         0                         73.71%
        Directors
 4.6.   Re-election of William W. (Bill) Douglas III as a member of the Board of         265384910  98.26%  4597888        1.70%   105872          0.04%   270088670         0                         73.71%
        Directors
 4.7.   Re-election of Anastasios I. Leventis as a member of the Board of Directors      259245411  95.98%  10831867       4.01%   11392           0.01%   270088670         0                         73.71%
 4.8.   Re-election of Christodoulos (Christo) Leventis as a member of the Board of      259650806  96.13%  10427168       3.86%   10696           0.01%   270088670         0                         73.71%
        Directors
 4.9.   Re-election of Alexandra Papalexopoulou as a member of the Board of Directors    234814094  86.93%  35262820       13.06%  11756           0.01%   270088670         0                         73.71%
 4.10.  Re-election of Ryan Rudolph as a member of the Board of Directors                257233915  95.24%  12842650       4.75%   12105           0.01%   270088670         0                         73.71%
 4.11.  Re-election of Anna Diamantopoulou as a member of the Board of Directors and     253007955  93.67%  17067263       6.32%   13452           0.01%   270088670         0                         73.71%
        as a member of the Remuneration Committee
 4.12.  Re-election of Bruno Pietracci as a member of the Board of Directors             257328585  95.27%  12092001       4.48%   668084          0.25%   270088670         0                         73.71%
 4.13.  Re-election of Henrique Braun as a member of the Board of Directors              257328864  95.28%  12044465       4.46%   715341          0.26%   270088670         0                         73.71%
 5.     Election of the independent proxy                                                269972863  99.95%  102789         0.04%   13018           0.01%   270088670         0                         73.71%
 6.1.   Re-election of the statutory auditor                                             266026652  98.49%  4051262        1.50%   10756           0.01%   270088670         0                         73.71%
 6.2.   Advisory vote on re-appointment of the independent registered public             265942622  98.46%  4133626        1.53%   12422           0.01%   270088670         0                         73.71%
        accounting firm for UK purposes
 7.     Advisory vote on the UK Remuneration Report                                      181440565  67.17%  88630436       32.82%  17669           0.01%   270088670         0                         73.71%
 8.     Advisory vote on the Remuneration Policy                                         259376317  96.03%  10695685       3.96%   16668           0.01%   270088670         0                         73.71%
 9.     Advisory vote on the Swiss Remuneration Report                                   181440565  67.17%  88630436       32.82%  17669           0.01%   270088670         0                         73.71%
 10.1.  Approval of the maximum aggregate amount of remuneration for the Board of        269821962  99.92%  204088         0.08%   62620           n.a.    270026050         0                         73.71%
        Directors until the next annual general meeting
 10.2.  Approval of the maximum aggregate amount of remuneration for the Executive       267013278  98.89%  2998680        1.11%   76712           n.a.    270011958         0                         73.71%
        Leadership Team for the next financial year
 11.    Approval of share buy-back                                                       269233757  99.69%  174320         0.06%   680593          0.25%   270088670         0                         73.71%
 12.    Approval of the amendments to the articles 11, 16, 27, 30, 32, 33, 34, 35, 36,   269906090  99.94%  120093         0.04%   62487           0.02%   270088670         0                         73.71%
        37 and 38 of the Articles of Association regarding the replacement of the term

        "Operating Committee" by the term "Executive Leadership Team"                                                                                                        (0.00)

 

(1) Percentages refer to applicable majority. Proposals 1-9 and 11 require
approval by an absolute majority of the votes validly cast (including
consenting and dissenting votes and abstentions). Proposals 10.1 and 10.2
require approval by a relative majority of the votes validly cast (including
consenting and dissenting votes without abstentions). Proposal 12 requires
approval by a majority of at least two-thirds of the voting rights represented
and an absolute majority of the nominal value of shares represented.

 

(2) Votes represented at the AGM but not (or not validly) cast.

 

(3) Shares represented at the AGM for each proposal as a percentage of
Coca-Cola HBC's outstanding voting rights, whether exercisable or not. As at
the date of the AGM, Coca-Cola HBC's issued share capital consisted of
371,809,001 ordinary shares, of which 1,956,582 ordinary shares are held by
Coca-Cola HBC AG and 3,430,135 shares are held by its subsidiary, COCA-COLA
HBC SERVICES MEPE, in treasury. Accordingly, the total number of outstanding
voting rights (whether exercisable or not) in Coca-Cola HBC AG was
366,422,284.

 

Following the re-election of all the directors as set out above, the
composition of each of the Board Committees remains unchanged.

 

Enquiries

Coca‑Cola HBC Group

 

 Investors and Analysts:
 Joanna Kennedy                 Tel: +44 7802 427505

 Investor Relations Director     joanna.kennedy@cchellenic.com

 Jemima Benstead                Tel: +44 7740 535130

 Investor Relations Manager     jemima.benstead@cchellenic.com

 Marios Matar                   Tel: +30 697 444 3335

 Investor Relations Manager     marios.matar@cchellenic.com

 Media:
 David Hart                     Tel: +41 41 726 0143

 Group Communication Director    david.hart@cchellenic.com

 

 

 

About Coca‑Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and
strategic bottling partner of The Coca-Cola Company. We create value for all
our stakeholders by supporting the socio-economic development of the
communities in which we operate and we believe building a more positive
environmental impact is integral to our future growth. Together, we and our
customers serve 715 million consumers across a broad geographic footprint of
29 countries on three continents. Our portfolio is one of the strongest,
broadest and most flexible in the beverage industry, offering consumer-leading
beverage brands in the sparkling, juice, water, sport, energy, plant-based,
ready-to-drink tea, coffee, adult sparkling and premium spirits categories.
These beverages include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Costa,
Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster
and Adez. We foster an open and inclusive work environment amongst our 36,000
employees and we are ranked among the top sustainability performers in ESG
benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and
FTSE4Good.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE:CCH) and
is listed on the Athens Exchange (ATHEX:EEE). For more information, please
visit https://www.coca-colahellenic.com/ (https://www.coca-colahellenic.com/)

 

 

 

 

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