REG - Coca-Cola HBC AG - Result of AGM

Coca Cola HBC AGAnnouncement

21/05/2024 18:00

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RNS Number : 3616P  Coca-Cola HBC AG  21 May 2024

 FOR IMMEDIATE RELEASE

Coca-Cola HBC AG

Results of Annual General Meeting of Coca-Cola HBC AG

 

Zug, Switzerland - 21 May 2024 - 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 April
2024 were duly passed by the requisite majority of shareholders at its AGM
held today, 21 May 2024. 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
(https://www.coca-colahellenic.com/) .

 

As previously announced on 19 April 2024 Olusola (Sola) David-Borha and
Alexandra Papalexopoulou would not be seeking re-election to the Board and
retired from the Board as of the conclusion of the AGM. At the AGM, Coca-Cola
HBC's shareholders elected Zulikat Wuraola Abiola and Glykeria Tsernou as new
non-executive members of the Board. Their biographies can be found at
www.coca-colahellenic.com (http://www.coca-colahellenic.com/) .

 

The AGM approved a dividend of EUR 0.93 per share ("Dividend") out of the
general capital contribution reserve, capped at an amount of CHF 375,000,000.
Payment of the full amount of the Dividend will be made on 24 June 2024 to
holders of ordinary shares on the record date of 31 May 2023. The shares are
expected to be traded ex-dividend as of 30 May 2024, in which case the last
day on which the shares may be traded with the entitlement to receive
dividends will be 29 May 2024.

 

 

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 2023 Integrated Annual Report, as well as approval of the        254,394,906  99.57%   82,585         0.03%   1,015,468       0.40%   255,492,959       0                      69.96%
         annual management report, the stand-alone financial statements and the
         consolidated financial statements
 2.      Approval of the non-financial report under Swiss statutory law for the          254,354,546  99.55%   121,944        0.05%   1,016,469       0.40%   255,492,959       0                      69.96%
         financial year ended on 31 December 2023
 3.1.    Appropriation of available earnings                                             255,490,156  100%     375            0.00%   2,428           0.00%   255,492,959       0                      69.96%
 3.2.    Declaration of dividend from reserves                                           255,490,406  100%     0              0.00%   2,553           0.00%   255,492,959       0                      69.96%
 4.      Discharge of the members of the Board of Directors and the members of the       249,161,398  97.93%   4,177,657      1.64%   1,102,218       0.43%   254,441,773       500                    69.96%
         Executive Leadership Team

 5.1.1   Re-election of Anastassis G. David as a member of the Board of Directors and    241,125,991  94.37%   13,326,389     5.22%   1,040,579       0.41%   255,492,959       0                      69.96%
         as the Chairman of the Board of Directors (in a single vote)
 5.1.2   Re-election of Zoran Bogdanovic as a member of the Board of Directors           251,296,489  98.36%   4,185,402      1.64%   10,568          0.00%   255,492,959       500                    69.96%
 5.1.3   Re-election of Charlotte J. Boyle as a member of the Board of Directors and as  245,765,839  96.20%   9,715,023      3.80%   10,897          0.00%   255,492,959       1,200                  69.96%
         a member of the Remuneration Committee (in a single vote)
 5.1.4   Re-election of Henrique Braun as a member of the Board of Directors             244,471,381  95.69%   9,913,044      3.88%   1,107,334       0.43%   255,492,959       1,200                  69.96%
 5.1.5   Re-election of Anna Diamantopoulou as a member of the Board of Directors and    250,366,532  98.00%   5,121,530      2.00%   4,897           0.00%   255,492,959       0                      69.96%
         as a member of the Remuneration Committee (in a single vote)
 5.1.6   Re-election of William W. (Bill) Douglas III as a member of the Board of        252,095,742  98.67%   3,365,068      1.32%   30,449          0.01%   255,492,959       1,700                  69.96%
         Directors
 5.1.7   Re-election of Reto Francioni as a member of the Board of Directors and as a    240,927,490  94.30%   13,898,369     5.44%   667,100         0.26%   255,492,959       0                      69.96%
         member of the Remuneration Committee (in a single vote)
 5.1.8   Re-election of Anastasios I. Leventis as a member of the Board of Directors     244,566,694  95.72%   9,887,215      3.87%   1,039,050       0.41%   255,492,959       0                      69.96%
 5.1.9   Re-election of Christodoulos (Christo) Leventis as a member of the Board of     244,445,385  95.68%   9,818,728      3.84%   1,228,346       0.48%   255,492,959       500                    69.96%
         Directors
 5.1.10  Re-election of George Pavlos Leventis as a member of the Board of Directors     248,099,074  97.11%   6,291,351      2.46%   1,101,334       0.43%   255,492,959       1,200                  69.96%
 5.1.11  Re-election of Evguenia Stoitchkova as a member of the Board of Directors       248,266,867  97.17%   6,179,513      2.42%   1,046,579       0.41%   255,492,959       0                      69.96%
 5.2.1   Election of Zulikat Wuraola Abiola as a new member of the Board of Directors    251,475,523  98.42%   3,821,968      1.50%   195,393         0.08%   255,492,959       75                     69.96%
 5.2.2   Election of Glykeria Tsernou as a new member of the Board of Directors          251,770,498  98.55%   3,716,989      1.45%   4,897           0.00%   255,492,959       575                    69.96%
 6.      Election of the independent proxy                                               254,087,057  99.45%   1,401,130      0.55%   4,772           0.00%   255,492,959       0                      69.96%
 7.1.    Re-election of the statutory auditor                                            237,891,947  93.11%   17,597,384     6.89%   3,628           0.00%   255,492,959       0                      69.96%
 7.2.    Advisory vote on re-appointment of the independent registered public            247,888,726  97.03%   7,597,104      2.97%   6,128           0.00%   255,492,959       1,001                  69.96%
         accounting firm for UK purposes
 8.      Advisory vote on the UK Remuneration Report                                     248,551,498  97.28%   5,896,635      2.31%   1,043,825       0.41%   255,492,959       1,001                  69.96%
 9.      Advisory vote on the Remuneration Policy                                        243,042,676  95.12%   12,150,434     4.76%   298,649         0.12%   255,492,959       1,200                  69.96%
 10.     Advisory vote on the Swiss Remuneration Report                                  238,378,236  93.30%   17,105,579     6.70%   8,143           0.00%   255,492,959       1,001                  69.96%
 11.1.   Approval of the maximum aggregate amount of remuneration for the Board of       243,668,527  95.37%   11,818,181     4.63%   6,176           n.a.    255,492,959       75                     69.96%
         Directors until the next annual general meeting
 11.2.   Approval of the maximum aggregate amount of remuneration for the Executive      242,131,442  94.78%   13,339,926     5.22%   21,516          n.a.    255,492,959       75                     69.96%
         Leadership Team for the next financial year
 12.     Approval of share buy-back                                                      255,468,661  99.99%   5,672          0.00%   17,426          0.01%   255,492,959       1,200                  69.96%
                                                                                                                                                                                                       69.96%
 13.1    Approval of amendments to the articles of association - alignment with          255,310,597  99.93%   173,985        0.07%   6,176           0.00    255,492,959       2,201                  69.96%
         mandatory provisions of the new Swiss corporate law (Articles 6, 11, 14, 15,
         20, 25, 34, 36 and 37)
 13.2    Approval of amendments to articles of association - other voluntary changes     255,479,436  100.00%  5,372          0.00%   7,075           0.00%   255,492,959       1,076                  69.96%
         (Articles 4, 10, 13, 16, 18, 19, 43 and 45)

 

(1) Percentages refer to applicable majority. Proposals 1-10 and 12 require
approval by an absolute majority of the votes validly cast (including
consenting and dissenting votes and abstentions). Proposals 11.1 and 11.2
require approval by a relative majority of the votes validly cast (including
consenting and dissenting votes without abstentions). Proposals 13.1 and 13.2
require approval by a qualified majority of at least two-thirds of the voting
rights represented and an absolute majority of the nominal value of the 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
373,193,915 ordinary shares, of which 4,572,199 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
365,191,581.

 

Enquiries

Coca-Cola HBC Group

 Investor and Analysts:
 Joanna Kennedy                                    +44 (0) 7802 427505

 Head of Investor Relations                        joanna.kennedy@cchellenic.com
 Jemima Benstead                                   Tel: +44 7740 535130

 Investor Relations Manager                        jemima.benstead@cchellenic.com
 Virginia Phillips                                 Tel: +44 (0) 7864 686582

 Investor Relations Manager                        virginia.phillips@cchellenic.com

 Individual Shareholders:

 Maria Livaniou                                    Tel: +30 697 444 3270

 Shareowner Services Manager                       maria.livaniou@cchellenic.com

 Media:
 Sonia Bastian                                     Tel: +41 7946 88054

 Head of Communications                            sonia.bastian@cchellenic.com
 Claire Evans                                      Tel: +44 7597 562 978

 Group Senior Communications Manager - Corporate   claire.evans@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 open up moments that
refresh us all, by creating value for our stakeholders and supporting the
socio-economic development of the communities in which we operate. With a
vision to be the leading 24/7 beverage partner, we offer drinks for all
occasions around the clock and work together with our customers to serve 740
million consumers across a broad geographic footprint of 29 countries. Our
portfolio is one of the strongest, broadest and most flexible in the beverage
industry, with consumer-leading beverage brands in the sparkling, adult
sparkling, juice, water, sport, energy, ready-to-drink tea, coffee, and
premium spirits categories. These include Coca-Cola, Coca-Cola Zero Sugar,
Fanta, Sprite, Schweppes, Kinley, Costa Coffee, Caffè Vergnano, Valser,
FuzeTea, Powerade, Cappy, Monster Energy, Finlandia Vodka, The Macallan, Jack
Daniel's and Grey Goose. We foster an open and inclusive work environment
amongst our 32,000 employees and believe that building a more positive
environmental impact is integral to our future growth. We rank among the top
sustainability performers in ESG benchmarks such as the Dow Jones
Sustainability Indices, CDP, MSCI ESG, FTSE4Good and ISS ESG.

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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