Last checked at 22 Jun 2021 13:19
FOR IMMEDIATE RELEASE
Coca-Cola HBC AG
Results of Annual General Meeting of Coca-Cola HBC AG and election of Mr. Bruno Pietracci and Mr. Henrique Braun as new Non-Executive Members of the Board of Directors
Zug, Switzerland - 22 June 2021 - 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 21 May 2021 were duly passed by the requisite majority of shareholders at its AGM held today, 22 June 2021. 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.
Following the retirement of Mr. José Octavio Reyes and Mr. Alfredo Rivera from the Board as of the end of the AGM, Coca-Cola HBC's shareholders elected Mr. Bruno Pietracci and Mr. Henrique Braun as new non-executive members of the Board. Their biographies can be found at www.coca-colahellenic.com.
The AGM approved a dividend of EUR 0.64 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 3 August 2021 to holders of ordinary shares on the record date of 9 July 2021. The shares are expected to be traded ex-dividend as of 8 July 2021, in which case the last day on which the shares may be traded with the entitlement to receive dividends will be 7 July 2021. In addition, the AGM approved a share buy back of up to up to 10,000,000 ordinary shares with a par value of CHF 6.70.
Resolutions 7 and 9, the advisory votes to approve the UK Remuneration Report and the Swiss Remuneration Report, were passed with support of approximately 72% of the votes cast. Consequently, the Board will intitate a consultation with shareholders on its approach to remuneration which will take place between now and the next AGM in 2022, 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 90% and 99% and shareholders were supportive of the Remuneration Policy, which was passed with the support of approximately 95% of the votes cast.
Final Ballot Results
Proposal | Votes for | % (1) | Votes Against | % (1) | Abs- tentions Cast | % (1) | Total Votes Cast | Votes not cast (2) | Voting Rights Repre- sented % (3) | |
1. | Receipt of the 2020 Integrated Annual Report, as well as approval of the annual management report, the stand-alone financial statements and the consolidated financial statements | 261582982 | 99.84% | 22403 | 0.01% | 391160 | 0.15% | 261996545 | 0 | 71.78% |
2.1. | Appropriation of available earnings | 260531924 | 99.44% | 1416947 | 0.54% | 47674 | 0.02% | 261996545 | 0 | 71.78% |
2.2. | Declaration of dividends from reserves | 260286822 | 99.35% | 1619843 | 0.62% | 89880 | 0.03% | 261996545 | 0 | 71.78% |
3. | Discharge of the members of the Board of Directors and the members of the Operating Committee | 253377106 | 96.82% | 1505257 | 0.58% | 6790462 | 2.60% | 261672825 | 0 | 71.70% |
4.1.1. | Re-election of Anastassis G. David as a member of the Board of Directors and as the Chairman of the Board of Directors | 238272253 | 90.95% | 22012473 | 8.40% | 1711819 | 0.65% | 261996545 | 0 | 71.78% |
4.1.2. | Re-election of Zoran Bogdanovic as a member of the Board of Directors | 258988092 | 98.85% | 2959939 | 1.13% | 48514 | 0.02% | 261996545 | 0 | 71.78% |
4.1.3. | Re-election of Charlotte J. Boyle as a member of the Board of Directors and as a member of the Remuneration Committee | 241638220 | 92.23% | 20309579 | 7.75% | 48746 | 0.02% | 261996545 | 0 | 71.78% |
4.1.4. | Re-election of Reto Francioni as a member of the Board of Directors and as a member of the Remuneration Committee | 235820439 | 90.01% | 26086438 | 9.96% | 89668 | 0.03% | 261996545 | 0 | 71.78% |
4.1.5. | Re-election of Olusola (Sola) David-Borha as a member of the Board of Directors | 258858471 | 98.80% | 3089254 | 1.18% | 48820 | 0.02% | 261996545 | 0 | 71.78% |
4.1.6. | Re-election of William W. Douglas III as a member of the Board of Directors | 258128104 | 98.52% | 3819696 | 1.46% | 48745 | 0.02% | 261996545 | 0 | 71.78% |
4.1.7. | Re-election of Anastasios I. Leventis as a member of the Board of Directors | 253220154 | 96.65% | 8727946 | 3.33% | 48445 | 0.02% | 261996545 | 0 | 71.78% |
4.1.8. | Re-election of Christodoulos Leventis as a member of the Board of Directors | 254236184 | 97.04% | 7711916 | 2.94% | 48445 | 0.02% | 261996545 | 0 | 71.78% |
4.1.9. | Re-election of Alexandra Papalexopoulou as a member of the Board of Directors | 260569907 | 99.45% | 1378133 | 0.53% | 48505 | 0.02% | 261996545 | 0 | 71.78% |
4.1.10. | Re-election of Ryan Rudolph as a member of the Board of Directors | 254084860 | 96.98% | 7862940 | 3.00% | 48745 | 0.02% | 261996545 | 0 | 71.78% |
4.1.11. | Re-election of Anna Diamantopoulou as a member of the Board of Directors and as a member of the Remuneration Committee | 247310798 | 94.39% | 14637042 | 5.59% | 48705 | 0.02% | 261996545 | 0 | 71.78% |
4.2. | Election of Bruno Pietracci as a new member of the Board of Directors | 254218277 | 97.03% | 7729448 | 2.95% | 48820 | 0.02% | 261996545 | 0 | 71.78% |
4.3. | Election of Henrique Braun as a new member of the Board of Directors | 254188213 | 97.02% | 7712653 | 2.94% | 95679 | 0.04% | 261996545 | 0 | 71.78% |
5. | Election of the independent proxy | 259953239 | 99.22% | 1995272 | 0.76% | 48034 | 0.02% | 261996545 | 0 | 71.78% |
6.1. | Re-election of the statutory auditor | 257681739 | 98.35% | 4194779 | 1.60% | 120027 | 0.05% | 261996545 | 0 | 71.78% |
6.2. | Advisory vote on re-appointment of the independent registered public accounting firm for UK purposes | 257587773 | 98.32% | 4334933 | 1.65% | 73839 | 0.03% | 261996545 | 0 | 71.78% |
7. | Advisory vote on the UK Remuneration Report | 188898393 | 72.10% | 73049577 | 27.88% | 48575 | 0.02% | 261996545 | 0 | 71.78% |
8. | Advisory vote on the Remuneration Policy | 250109133 | 95.46% | 11838837 | 4.52% | 48575 | 0.02% | 261996545 | 0 | 71.78% |
9. | Advisory vote on the Swiss Remuneration Report | 189272983 | 72.24% | 72675321 | 27.74% | 48241 | 0.02% | 261996545 | 0 | 71.78% |
10.1. | Approval of the maximum aggregate amount of remuneration for the Board of Directors until the next annual general meeting | 259309959 | 98.99% | 2638343 | 1.01% | 48243 | n.a. | 261948302 | 0 | 71.78% |
10.2. | Approval of the maximum aggregate amount of remuneration for the Operating Committee for the next financial year | 259944118 | 99.31% | 1818686 | 0.69% | 233741 | n.a. | 261762804 | 0 | 71.78% |
11. | Approval of share buy-back | 256741420 | 98.00% | 5195536 | 1.98% | 59589 | 0.02% | 261996545 | 0 | 71.78% |
(1) Percentages refer to applicable majority. Proposals 1-9 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 11 requires approval by an absolute majority of the votes validly cast (including consenting and dissenting votes and abstentions).
(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 370,872,537 ordinary shares, of which 2,464,448 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 364,977,954.
Enquiries
Coca‑Cola HBC Group
Investors and Analysts: |
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Joanna Kennedy Investor Relations Director | Tel: +44 20 37 444 230 joanna.kennedy@cchellenic.com |
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Carla Fabiano Investor Relations Manager | Tel: +44 20 37 444 231 carla.fabiano@cchellenic.com |
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Vasso Aliferi Investor Relations Manager | Tel: +41 79 610 7881 vasso.aliferi@cchellenic.com |
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Media: |
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David Hart Group Communication Director | Tel: +41 41 726 0143 david.hart@cchellenic.com |
About Coca‑Cola HBC
Coca-Cola HBC AG, 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 societies 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 more than 600 million consumers across a broad geographic footprint of 28 countries on 3 continents. Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading partner brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling and premium spirits categories. These brands include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Royal Bliss, Costa Coffee, Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster and Adez. We foster an open and inclusive work environment amongst our more than 28,000 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 http://www.coca-colahellenic.comormation, please visit http://www.coca-colahellenic.com.