Coca-Cola Europacific Partners plc Update statement on 2023 AGM voting results (6433U)
24 Novembre 2023 - 3:30PM
UK Regulatory
TIDMCCEP
RNS Number : 6433U
Coca-Cola Europacific Partners plc
24 November 2023
24 November 2023
Coca-Cola Europacific Partners plc
("the Company")
Update statement on 2023 Annual General Meeting voting
results
At the Company's 2023 Annual General Meeting ("AGM") held on 24
May 2023, all resolutions were successfully passed with the
requisite majority of votes. However, in respect of resolution 24
("Rule 9 Waiver Resolution"), we acknowledge that a number of our
shareholders did not support the resolution (of votes cast, 78.07%
voted in favour)
The Rule 9 Waiver Resolution related to the approval by
independent shareholders of a waiver obtained from the Panel on
Takeovers and Mergers in respect of an obligation that could arise
on Olive Partners, S.A. ("Olive"), or any persons acting in concert
with Olive, to make a general offer for all the issued ordinary
share capital of the Company following any increase in the
percentage of shares held by Olive, or any persons acting in
concert with Olive, resulting from the exercise by the Company of
the authority to purchase its own shares pursuant to resolutions 28
and 29 (which received approval from 99.78% and 98.42% of those
voting respectively). The Board believes that it is in the best
interests of shareholders that the Company has the flexibility to
return value to shareholders through a possible future buyback
programme. If the Rule 9 Waiver Resolution had not been approved,
the Company would not be able to effect such buyback programmes as
explained in the 2023 Notice of AGM.
Since the AGM, the Company has continued to engage where
appropriate with its shareholders to address any concerns they may
have. The Company has also communicated with Institutional
Shareholder Services on their standing policy to recommend a vote
against a Rule 9 waiver which we believe may be influencing
investor decisions in this regard.
CONTACTS
Company Secretariat Investor Relations Media Relations
Clare Wardle Sarah Willett Shanna Wendt
T +44 20 7355 8406 +44 7970 145 218 T +44 7976 595 168
ABOUT CCEP
CCEP is one of the leading consumer goods companies in the
world. We make, move and sell some the world's most loved brands -
serving 600 million consumers and helping 2 million customers
across 30 countries grow their business. We combine the strength
and scale of a large, multi-national business with an expert, local
knowledge of the customers we serve and communities we support. The
Company is currently listed on Euronext Amsterdam, the NASDAQ
Global Select Market, London Stock Exchange and on the Spanish
Stock Exchanges, trading under the symbol CCEP. For more
information about CCEP, please visit www.cocacolaep.com &
follow CCEP on Twitter at @CocaColaEP.
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END
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November 24, 2023 09:30 ET (14:30 GMT)
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