Coca Cola Europacific Partners PLC - soft drinks bottler - At its upcoming annual general meeting on May 26, asks shareholders to vote in favour of all resolutions, namely, Resolution two pertaining to director remuneration. This comes as advisory services Glass, Lewis & Co and Institutional Shareholder Services reports recommend voting against.
"The CCEP board and management firmly believe the remuneration decisions made during the year were in the best interests of shareholders, aligned incentive outcomes for all participants to reflect performance through the COVID-19 crisis and enabled CCEP to continue to deliver long-term shareholder value. Accordingly, the board and management of CCEP recommend voting 'FOR' Resolution 2," company says.
Current stock price: EUR48.6
Year-to-date change: up 23%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Coca-cola Euro. (CCEP)