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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Coca-cola Europacific Partners Plc | LSE:CCEP | London | Ordinary Share | GB00BDCPN049 | ORD EUR0.01 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.80 | 1.23% | 66.00 | 65.80 | 66.20 | 67.20 | 65.40 | 65.60 | 6,787 | 16:28:52 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Btld & Can Soft Drinks,water | 18.3B | 1.67B | 3.6374 | 16.03 | 26.76B |
From Apr 2023 to Apr 2024
TIDMCCEP
RNS Number : 6680A
Coca-Cola Europacific Partners plc
25 May 2023
Coca-Cola Europacific Partners plc - Results of 2023 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 24 May 2023.
All 30 resolutions put to the members were passed on a poll. Accordingly, resolutions 1 to 25 were passed as ordinary resolutions and resolutions 26 to 30 were passed as special resolutions.
The results of the polls are set out below:
Hot Features
Premium
Resolution For (see note Against (see Issued Votes withheld
1) note 1) share capital (see note
represented 3)
by votes
(see note
2) %
Votes % Votes %
------------ ------ ----------- ------
Receipt of the
1 Report and Accounts 401,608,982 99.99 26,657 0.01 87.53 128,634
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Approval of the
Directors' Remuneration
2 Policy 398,060,389 99.10 3,633,330 0.90 87.54 70,554
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Approval of the
Directors' Remuneration
3 Report 326,900,982 81.46 74,386,007 18.54 87.46 477,284
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Election of Mary
Harris as a director
4 of the Company 396,165,343 98.62 5,556,799 1.38 87.55 42,131
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Election of Nicolas
Mirzayantz as
a director of
5 the Company 400,647,801 99.73 1,072,640 0.27 87.55 43,832
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Election of Nancy
Quan as a director
6 of the Company 398,247,371 99.15 3,424,603 0.85 87.54 92,299
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Manolo Arroyo
as a director
7 of the Company 327,016,025 81.52 74,146,730 18.48 87.43 601,518
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
John Bryant as
a director of
8 the Company 383,925,736 95.57 17,796,001 4.43 87.55 42,536
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
José Ignacio
Comenge as a director
9 of the Company 340,400,836 84.85 60,755,599 15.15 87.43 607,838
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Damian Gammell
as a director
10 of the Company 399,665,278 99.49 2,051,202 0.51 87.55 47,793
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Nathalie Gaveau
as a director
11 of the Company 400,239,659 99.63 1,481,491 0.37 87.55 43,123
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Álvaro Gómez-Trénor
Aguilar as a director
12 of the Company 398,255,592 99.15 3,410,195 0.85 87.54 98,486
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Thomas H Johnson
as a director
13 of the Company 380,352,717 94.68 21,369,090 5.32 87.55 42,466
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Dagmar Kollmann
as a director
14 of the Company 396,872,734 98.79 4,849,967 1.21 87.55 41,572
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Alfonso Líbano
Daurella as a
director of the
15 Company 398,282,906 99.16 3,388,947 0.84 87.54 92,420
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Mark Price as
a director of
16 the Company 397,432,894 98.93 4,289,121 1.07 87.55 42,258
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Mario Rotllant
Solá as a
director of the
17 Company 398,299,343 99.16 3,371,732 0.84 87.54 93,198
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Dessi Temperley
as a director
18 of the Company 395,888,495 98.55 5,826,476 1.45 87.55 49,302
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Re-election of
Garry Watts as
a director of
19 the Company 400,282,236 99.64 1,440,199 0.36 87.55 41,838
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Reappointment
20 of the Auditor 394,397,371 98.18 7,312,398 1.82 87.55 54,504
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Remuneration of
21 the Auditor 400,455,127 99.69 1,244,559 0.31 87.55 64,587
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
22 Political Donations 400,327,265 99.84 634,426 0.16 87.38 802,582
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Authority to allot
23 new shares 390,691,176 97.26 10,997,388 2.74 87.54 75,709
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Waiver of mandatory
offer provisions
set out in Rule
9 of the Takeover
Code (see note
24 4) 183,391,655 78.07 51,524,688 21.93 51.20 166,847,930
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Approval of Long
Term Incentive
25 Plan 398,632,467 99.24 3,054,500 0.76 87.54 77,306
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
General authority
to disapply pre-emption
26 rights 398,050,840 99.38 2,465,812 0.62 87.29 1,247,621
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
General authority
to disapply pre-emption
rights in connection
with an acquisition
or specified capital
27 investment 397,109,783 99.14 3,462,858 0.86 87.30 1,191,632
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Authority to purchase
own shares on
28 market 400,401,708 99.78 873,833 0.22 87.45 488,732
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Authority to purchase
own shares off
29 market 394,934,181 98.42 6,335,082 1.58 87.45 495,010
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Notice period
for general meetings
other than annual
30 general meetings 390,811,804 97.29 10,895,895 2.71 87.55 56,574
------------------------------------ ------------ ------ ----------- ------ --------------- ---------------
Notes:
1 Votes "For" and "Against" are expressed as a percentage of votes
received.
2 As at 4.30pm on Monday 22 May 2023, 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 458,846,191
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 24 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 24, 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 78.07% of the votes cast by the independent shareholders of the Company (being shareholders other than Olive and its presumed concert parties) with 21.93% of votes against. Resolution 24 is a standing agenda item at each Annual General Meeting to enable CCEP to exercise the authorities under Resolution 28 to purchase its own shares on market and Resolution 29 to purchase its own shares off market, which were passed with majorities of 99.78% and 98.42% respectively. This will enable CCEP to make use of the option to return value to shareholders through a possible future buyback programme. Had Resolution 24 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 15 May 2023. CCEP intends to continue to engage with ISS on their standing policy to recommend a vote against a Rule 9 waiver which we believe may be 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 24 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 40.2797%.
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 Investor Relations Media Relations Clare Wardle Sarah Willett Shanna Wendt T +44 (0)20 7355 8406 T +44 (0)7970 145 218 T +44 (0)7976 595 168
ABOUT CCEP
Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving 600 million consumers and helping 2 million customers across 29 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, 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
RAGEANSSASXDEEA
(END) Dow Jones Newswires
May 25, 2023 06:30 ET (10:30 GMT)
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