Coca-Cola European Partners plc Result of AGM (2479O)

TIDMCCEP

RNS Number : 2479O

Coca-Cola European Partners plc

28 May 2020

Coca-Cola European Partners plc - Results of 2020 Annual General Meeting

The Annual General Meeting of Coca-Cola European Partners plc (the "Company") was held at Pemberton House, Bakers Road, Uxbridge UB8 1EZ on 27 May 2020.

All 25 resolutions put to the members were passed on a poll. Accordingly, resolutions 1 to 21 were passed as ordinary resolutions and resolutions 22 to 25 were passed as special resolutions.

The results of the polls are set out below:

 
 Resolution                                    For (see note          Against (see       Issued share   Votes withheld 
                                                     1)                  note 1)            capital        (see note 
                                                                                          represented         3) 
                                                                                           by votes 
                                                                                           (see note 
                                                                                             2) % 
                                                  Votes        %        Votes        % 
                                           ------------  -------  -----------  ------- 
      Receipt of the 
 1     Report and Accounts                  392,183,394   99.99%       14,881    0.01%         86.36%          551,707 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Approval of the 
       Directors' Remuneration 
 2     Policy                               390,642,124   99.48%    2,051,225    0.52%         86.47%           56,633 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Approval of the 
       Directors' Remuneration 
 3     Report                               389,159,565   99.15%    3,348,477    0.85%         86.42%          241,940 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Election of Jan 
       Bennink as a director 
 4     of the Company                       391,583,576   99.71%    1,127,074    0.29%         86.47%           39,332 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Election of Thomas 
       H. Johnson as 
       a director of 
 5     the Company                          385,008,802   98.07%    7,570,542    1.93%         86.44%          170,638 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Election of Dessi 
       Temperley as a 
       director of the 
 6     Company                              392,602,000   99.97%      104,367    0.03%         86.47%           43,615 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       José Ignacio 
       Comenge as a director 
 7     of the Company                       388,436,398   98.92%    4,254,184    1.08%         86.46%           59,400 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Francisco Crespo 
       Benítez as 
       a director of 
 8     the Company                          388,719,970   98.99%    3,969,343    1.01%         86.46%           60,669 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Irial Finan as 
       a director of 
 9     the Company                          339,168,295   86.74%   51,837,537   13.26%         86.09%        1,744,150 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Damian Gammell 
       as a director 
 10    of the Company                       390,045,140   99.32%    2,664,383    0.68%         86.47%           40,459 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Nathalie Gaveau 
       as a director 
 11    of the Company                       392,374,244   99.91%      341,362    0.09%         86.47%           34,376 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Álvaro Gómez-Trénor 
       Aguilar as a director 
 12    of the Company                       387,103,428   98.91%    4,253,401    1.09%         86.17%        1,393,153 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Dagmar Kollmann 
       as a director 
 13    of the Company                       388,519,939   98.93%    4,191,130    1.07%         86.47%           38,913 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Alfonso Líbano 
       Daurella as a 
       director of the 
 14    Company                              387,107,180   98.91%    4,252,102    1.09%         86.17%        1,390,700 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Mark Price as 
       a director of 
 15    the Company                          392,087,859   99.84%      621,579    0.16%         86.47%           40,544 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Re-election of 
       Mario Rotllant 
       Solá as a 
       director of the 
 16    Company                              340,677,065   87.13%   50,326,039   12.87%         86.09%        1,746,878 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Reappointment 
 17    of the Auditor                       390,054,140   99.32%    2,663,329    0.68%         86.47%           32,513 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Remuneration of 
 18    the Auditor                          392,504,743   99.95%      205,457    0.05%         86.47%           39,782 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
 19   Political Donations                   391,667,792   99.76%      939,216    0.24%         86.45%          142,974 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Authority to allot 
 20    new shares                           362,799,226   92.39%   29,897,519    7.61%         86.47%           53,237 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Waiver of mandatory 
       offer provisions 
       set out in Rule 
       9 of the Takeover 
       Code (see note 
 21    4)                                   183,170,399   81.55%   41,439,675   18.45%         49.46%      167,188,375 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Authority to disapply 
 22    pre-emption rights                   392,008,222   99.95%      193,813    0.05%         86.36%          547,947 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Authority to purchase 
       own shares on 
 23    market                               390,815,941   99.59%    1,625,631    0.41%         86.41%          308,410 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Authority to purchase 
       own shares off 
 24    market                               390,751,832   99.57%    1,676,632    0.43%         86.41%          321,518 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
      Notice period 
       for general meetings 
 25    other than AGM                       383,793,591   97.73%    8,907,602    2.27%         86.47%           48,789 
     ------------------------------------  ------------  -------  -----------  -------  -------------  --------------- 
 

Notes:

 
 1   Votes "For" and "Against" are expressed as a percentage of votes 
      received. 
 2   As at 4.30pm on Monday 25 May 2020, 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 454,161,479 
      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 21 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. 
 

In particular, in accordance with Section 6(A) of Appendix 1 to the Takeover Code, the Company announces that shareholders approved resolution 21, setting out the terms of the waiver of mandatory offer provisions in Rule 9 of the Takeover Code (the "Waiver").

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 40.6441%.

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 [phone]    T [phone]    T [phone] 
 

ABOUT CCEP

Coca-Cola European Partners plc is a leading consumer goods company in Western Europe, making, selling & distributing an extensive range of non-alcoholic ready to drink beverages & is the world's largest Coca-Cola bottler based on revenue. Coca-Cola European Partners serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain & Sweden. The Company is listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange & 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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May 28, 2020 08:30 ET (12:30 GMT)