Coca-Cola
Europacific Partners plc - Results of 2024 Annual General
Meeting
The Annual General Meeting of Coca-Cola
Europacific Partners plc (the "Company") was held at 1A Wimpole
Street, London, W1G 0EA, United Kingdom on 22 May 2024.
All 28 resolutions put to the members were
passed on a poll. Accordingly, resolutions 1 to 23 were passed as
ordinary resolutions and resolutions 24 to 28 were passed as
special resolutions.
The results of the polls are set out
below:
|
Resolution
|
For (see note 1)
|
Against (see note 1)
|
Issued share capital represented by
votes (see note 2) %
|
Votes withheld (see note
3)
|
|
Votes
|
%
|
Votes
|
%
|
|
1
|
Receipt of the Report and
Accounts
|
417,915,503
|
99.98%
|
84,142
|
0.02%
|
90.80%
|
165,250
|
|
2
|
Approval of the Directors'
Remuneration Report
|
408,427,256
|
97.69%
|
9,671,156
|
2.31%
|
90.82%
|
66,483
|
|
3
|
Election of Guillaume Bacuvier as a
director of the Company
|
417,344,334
|
99.82%
|
753,320
|
0.18%
|
90.82%
|
67,241
|
|
4
|
Re-election of Manolo Arroyo as a
director of the Company
|
352,724,956
|
84.40%
|
65,209,737
|
15.60%
|
90.79%
|
230,202
|
|
5
|
Re-election of John Bryant as a
director of the Company
|
408,678,515
|
97.75%
|
9,419,404
|
2.25%
|
90.82%
|
66,976
|
|
6
|
Re-election of José Ignacio Comenge
as a director of the Company
|
352,652,123
|
84.38%
|
65,282,168
|
15.62%
|
90.79%
|
230,604
|
|
7
|
Re-election of Damian Gammell as a
director of the Company
|
416,806,975
|
99.69%
|
1,292,257
|
0.31%
|
90.82%
|
65,663
|
|
8
|
Re-election of Nathalie Gaveau as a
director of the Company
|
417,146,635
|
99.77%
|
956,155
|
0.23%
|
90.82%
|
62,105
|
|
9
|
Re-election of Álvaro Gómez-Trénor
Aguilar as a director of the Company
|
413,747,999
|
98.97%
|
4,298,816
|
1.03%
|
90.81%
|
118,080
|
|
10
|
Re-election of Mary Harris as a
director of the Company
|
415,184,936
|
99.30%
|
2,917,792
|
0.70%
|
90.82%
|
62,167
|
|
11
|
Re-election of Thomas H Johnson as a
director of the Company
|
412,097,539
|
98.71%
|
5,389,827
|
1.29%
|
90.69%
|
677,529
|
|
12
|
Re-election of Dagmar Kollmann as a
director of the Company
|
413,468,454
|
98.89%
|
4,633,001
|
1.11%
|
90.82%
|
63,440
|
|
13
|
Re-election of Alfonso Líbano
Daurella as a director of the Company
|
413,712,935
|
98.96%
|
4,332,282
|
1.04%
|
90.81%
|
119,678
|
|
14
|
Re-election of Nicolas Mirzayantz as
a director of the Company
|
417,234,944
|
99.79%
|
863,710
|
0.21%
|
90.82%
|
66,241
|
|
15
|
Re-election of Mark Price as a
director of the Company
|
415,125,553
|
99.29%
|
2,973,834
|
0.71%
|
90.82%
|
65,508
|
|
16
|
Re-election of Nancy Quan as a
director of the Company
|
414,285,512
|
99.10%
|
3,763,369
|
0.90%
|
90.81%
|
116,014
|
|
17
|
Re-election of Mario Rotllant Solá as
a director of the Company
|
413,720,470
|
98.97%
|
4,325,159
|
1.03%
|
90.81%
|
119,266
|
|
18
|
Re-election of Dessi Temperley as a
director of the Company
|
413,478,571
|
98.89%
|
4,620,609
|
1.11%
|
90.82%
|
65,715
|
|
19
|
Reappointment of the
Auditor
|
416,614,352
|
98.44%
|
6,612,884
|
1.56%
|
91.94%
|
66,091
|
|
20
|
Remuneration of the
Auditor
|
421,133,129
|
99.51%
|
2,057,505
|
0.49%
|
91.93%
|
102,693
|
|
21
|
Political Donations
|
417,056,454
|
99.78%
|
918,561
|
0.22%
|
90.79%
|
189,880
|
|
22
|
Authority to allot new
shares
|
408,033,822
|
97.60%
|
10,037,443
|
2.40%
|
90.82%
|
93,630
|
|
23
|
Waiver of mandatory offer provisions
set out in Rule 9 of the Takeover Code (see note 4)
|
194,046,934
|
77.06%
|
57,772,359
|
22.94%
|
54.70%
|
166,345,602
|
|
24
|
General authority to disapply
pre-emption rights
|
415,239,434
|
99.54%
|
1,899,379
|
0.46%
|
90.61%
|
1,026,082
|
|
25
|
General authority to disapply
pre-emption rights in connection with an acquisition or specified
capital investment
|
414,883,787
|
99.44%
|
2,322,775
|
0.56%
|
90.63%
|
958,333
|
|
26
|
Authority to purchase own shares on
market
|
417,292,312
|
99.85%
|
626,560
|
0.15%
|
90.78%
|
246,023
|
|
27
|
Authority to purchase own shares off
market
|
415,861,913
|
99.51%
|
2,060,176
|
0.49%
|
90.78%
|
242,806
|
|
28
|
Notice period for general meetings
other than annual general meetings
|
410,065,918
|
98.08%
|
8,021,153
|
1.92%
|
90.82%
|
77,824
|
Notes:
|
1
|
Votes "For"
and "Against" are expressed as a percentage of votes
received.
|
|
2
|
As at 12:00pm
on Monday 20 May 2024, the time by which shareholders who wanted to
attend, speak and vote at the AGM must have been entered on the
Company's register of members, there were 460,354,782 ordinary
shares in issue.
|
|
3
|
A "Vote
Withheld" is not a vote in law and is not counted in the
calculation of the proportion of votes "For" or "Against" a
resolution.
|
|
4
|
Resolution 23
was put to the AGM as a resolution of the shareholders of the
Company other than Olive Partners, S.A. ("Olive") or any concert party of
Olive.
|
Resolution 23, being the ordinary resolution to
approve the waiver by the Panel on Takeovers and Mergers under Rule
9 of the City Code on Takeovers and Mergers (the "Rule 9 waiver")
in connection with the Company's buyback programme was duly passed
by 77.06% of the votes cast by the independent shareholders of the
Company (being shareholders other than Olive and its presumed
concert parties) with 22.94% of votes cast against. Resolution 23
is a standing agenda item at each Annual General Meeting to enable
CCEP to exercise the authorities under Resolution 26 to purchase
its own shares on market and Resolution 27 to purchase its own
shares off market, which were passed with majorities of 99.85% and
99.51% respectively. This will enable CCEP to make use of the
option to return value to shareholders through a possible future
buyback programme. Had Resolution 23 not been passed, the Company
would not have been able to effect such buyback programmes, as
explained in the Notice of AGM and also in the Letter to
Shareholders issued via RNS on 10 May 2024. CCEP intends to
continue to engage with ISS on their standing policy to generally
recommend a vote against Rule 9 waivers which we believe may be a
contributing factor in influencing investor decisions in this
regard. In addition, CCEP will continue to engage, in normal course
and as appropriate, with shareholders who did not support
Resolution 23 to understand the reasons for their vote against the
proposal and to continue a transparent and constructive dialogue on
this topic.
Olive is currently interested in 166,128,987
shares in the Company and the Waiver does not entitle Olive to be
interested in a greater number of shares. The Waiver would allow
Olive's interest in shares as a percentage of the Company's total
shares to increase as a result of the exercise of the Company's
authorities to purchase its own shares, but only to the extent that
the resulting interest of Olive, together with any concert parties,
in the shares of the Company did not then exceed
40.1034%.
In accordance with Listing Rule 14.3.6R, copies
of the resolutions that do not constitute ordinary business at an
annual general meeting will be submitted to the National Storage
Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
CONTACTS
|
Company
Secretariat
Clare
Wardle
T +44 (0)20 7355 8406
|
Investor
Relations
Sarah
Willett
T +44 (0)7970 145 218
|
Media
Relations
Shanna
Wendt
T +44 (0)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 more
than 2 million customers across 31 countries grow. 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, NASDAQ (and a constituent of the Nasdaq 100), 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 LinkedIn @Coca-Cola Europacific Partners |
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