TIDMCCH

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 and on Coca-Cola HBC's website at 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

 
                                                                                                         Votes 
                                                                                                          not 
                                                                                              Total       cast     Voting 
                                                      Votes                                   Votes      ( (2)     Rights 
           Proposal               Votes       %      Against     %        Abs-        %        Cast        ()      Repre- 
                                                                                                                    sented 
                                                                                                                     % ( 
                                                                         tentions                                    (3) 
                                    for       (1)                (1)       Cast       (1)                             () 
        Receipt of the 
         2021 Integrated 
         Annual Report, 
         as well as approval 
         of the annual 
         management report, 
         the stand-alone 
         financial statements 
         and the consolidated               99.92              0.03                 0.05                           73.71 
 1 .     financial statements   269864913     %      86028       %       137729       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
 2.1    Appropriation                       99.93              0.06                 0.01                           73.71 
  .      of losses              269925704     %      148603      %       14363        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Declaration 
 2.2     of dividend                        99.92              0.07                 0.01                           73.71 
  .      from reserves          269890537     %      187270      %       10863        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Discharge of 
         the members 
         of the Board 
         of Directors 
         and the members 
         of the Executive                   96.77              1.09                 2.14                           73.47 
 3 .     Leadership Team        260526456     %     2939260      %      5760784       %     269226500      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Anastassis 
         G. David as 
         a member of 
         the Board of 
         Directors and 
         as the Chairman 
 4.1     of the Board                       91.31              7.90                 0.79                           73.71 
  .      of Directors           246638953     %     21327040     %      2122677       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Zoran Bogdanovic 
         as a member 
 4.2     of the Board                       98.25              1.73                 0.02                           73.71 
  .      of Directors           265369588     %     4660617      %       58465        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Charlotte 
         J. Boyle as 
         a member of 
         the Board of 
         Directors and 
         as a member 
 4.3     of the Remuneration                78.11              21.88                0.01                           73.71 
  .      Committee              210964697     %     59107472     %       16501        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Reto Francioni 
         as a member 
         of the Board 
         of Directors 
         and as a member 
 4.4     of the Remuneration                86.54              13.35                0.11                           73.71 
  .      Committee              233729847     %     36065395     %       293428       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Olusola (Sola) 
         David-Borha 
         as a member 
 4.5     of the Board                       98.43              1.56                 0.01                           73.71 
  .      of Directors           265872879     %     4202990      %       12801        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of William W. 
         (Bill) Douglas 
         III as a member 
 4.6     of the Board                       98.26              1.70                 0.04                           73.71 
  .      of Directors           265384910     %     4597888      %       105872       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Anastasios 
         I. Leventis 
         as a member 
 4.7     of the Board                       95.98              4.01                 0.01                           73.71 
  .      of Directors           259245411     %     10831867     %       11392        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Christodoulos 
         (Christo) Leventis 
         as a member 
 4.8     of the Board                       96.13              3.86                 0.01                           73.71 
  .      of Directors           259650806     %     10427168     %       10696        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Alexandra 
         Papalexopoulou 
         as a member 
 4.9     of the Board                       86.93              13.06                0.01                           73.71 
  .      of Directors           234814094     %     35262820     %       11756        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Ryan Rudolph 
         as a member 
 4.10    of the Board                       95.24              4.75                 0.01                           73.71 
  .      of Directors           257233915     %     12842650     %       12105        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
        of Anna 
        Diamantopoulou 
        as a member 
        of the Board 
        of Directors 
        and as a member 
 4.11   of the Remuneration                 93.67              6.32                 0.01                           73.71 
  .     Committee               253007955     %     17067263     %       13452        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Bruno Pietracci 
         as a member 
 4.12    of the Board                       95.27              4.48                 0.25                           73.71 
  .      of Directors           257328585     %     12092001     %       668084       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
         of Henrique 
         Braun as a member 
 4.13    of the Board                       95.28              4.46                 0.26                           73.71 
  .      of Directors           257328864     %     12044465     %       715341       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Election of 
         the independent                    99.95              0.04                 0.01                           73.71 
 5 .     proxy                  269972863     %      102789      %       13018        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Re-election 
 6.1     of the statutory                   98.49              1.50                 0.01                           73.71 
  .      auditor                266026652     %     4051262      %       10756        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Advisory vote 
         on re-appointment 
         of the independent 
         registered public 
 6.2     accounting firm                    98.46              1.53                 0.01                           73.71 
  .      for UK purposes        265942622     %     4133626      %       12422        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Advisory vote 
        on the UK 
        Remuneration                        67.17              32.82                0.01                           73.71 
 7 .    Report                  181440565     %     88630436     %       17669        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Advisory vote 
         on the Remuneration                96.03              3.96                 0.01                           73.71 
 8 .     Policy                 259376317     %     10695685     %       16668        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Advisory vote 
         on the Swiss 
         Remuneration                       67.17              32.82                0.01                           73.71 
 9 .     Report                 181440565     %     88630436     %       17669        %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Approval of 
         the maximum 
         aggregate amount 
         of remuneration 
         for the Board 
         of Directors 
         until the next 
 10.1    annual general                     99.92              0.08                                                73.71 
  .      meeting                269821962     %      204088      %       62620      n.a.    270026050      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Approval of 
         the maximum 
         aggregate amount 
         of remuneration 
         for the Executive 
         Leadership Team 
 10.2    for the next                       98.89              1.11                                                73.71 
  .      financial year         267013278     %     2998680      %       76712      n.a.    270011958      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
 11     Approval of                         99.69              0.06                 0.25                           73.71 
  .      share buy-back         269233757     %      174320      %       680593       %     270088670      0          % 
       ----------------------  ----------  ------  ---------  ------  -----------  ------  ----------  --------  --------- 
        Approval of 
        the amendments 
        to the articles 
        11, 16, 27, 
        30, 32, 33, 
        34, 35, 36, 
        37 and 38 of 
        the Articles 
        of Association 
        regarding the 
        replacement 
        of the term 
        "Operating Committee" 
        by the term 
 12     "Executive Leadership               99.94              0.04                 0.02                           73.71 
  .     Team"                   269906090     %      120093      %       62487        %     270088670      0          % 
                                                                                                         ( 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         joanna.kennedy@cchellenic.com 
  Director 
 
 Jemima Benstead                     Tel: + 44 7740 535130 
  Investor Relations        jemima.benstead@cchellenic.com 
  Manager 
 
 Marios Matar                        Tel: +30 697 444 3335 
  Investor Relations           marios.matar@cchellenic.com 
  Manager 
 
 Media: 
 David Hart                           Tel: +41 41 726 0143 
  Group Communication            david.hart@cchellenic.com 
  Director 
 

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/

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