Proposal for capital return and other transactions
09 Mayo 2012 - 1:26AM
UK Regulatory
TIDMCCB
Coca-Cola Hellenic announces proposal for a
capital return of EUR0.34 per share and other transactions
Athens, Greece - 9 May 2012 - Coca-Cola Hellenic Bottling Company S.A.
(Coca-Cola Hellenic, the Company) announces a proposed capital return to its
shareholders of EUR0.34 per share. The proposal comprises a decrease in the par
value of the Company's shares by approximately EUR125 million or EUR0.34 per share
which will be paid to shareholders. The proposed transaction will be financed
from the cash position of the Company and is subject to shareholder and
regulatory approvals.
As a separate item, Coca-Cola Hellenic also announces a proposal for a further
decrease in the par value of the Company's shares by approximately EUR55 million
or EUR0.15 per share, in order to extinguish accumulated losses in an equal
amount.
Coca-Cola Hellenic's Board of Directors endorsed the plan for both transactions
in its meeting on 8 May 2012. The Board of Directors believes that the proposed
recapitalisation is appropriate, as it reflects the Company's strong and
sustained cash flow generation. At the same time it will enable Coca-Cola
Hellenic to maintain an efficient balance sheet.
As previously announced Coca-Cola Hellenic's Annual General Meeting will be
held on 25 June 2012 where both proposals will be presented to the Company's
shareholders. If approved, the capital return is expected to be paid out on 8
August 2012 with a record date (the date at which registered shareholders will
qualify for the return of capital) on 3 August 2012.
ENQUIRIES
Oya Gur Tel: +30 210 618 3255
Investor Relations Director email : oya.gur@cchellenic.com
Panagiotis Vergis Tel: +30 210 618 3124
Investor Relations Manager email : panagiotis.vergis@cchellenic.com
European press contact: Tel: (+44) 0 203 6035 222
Pendomer Communications LLP email: greg.quine@pendomer.com
Greg Quine
About Coca-Cola Hellenic
Coca-Cola Hellenic is the second-largest bottler of products of The Coca-Cola
Company in terms of volume with sales of more than 2 billion unit cases. It has
broad geographic footprint with operations in 28 countries serving a population
of more than 570 million people. Coca-Cola Hellenic offers a diverse range of
ready-to-drink non-alcoholic beverages in the sparkling, juice, water, sport,
energy, tea and coffee categories. Coca-Cola Hellenic is committed to promoting
sustainable development in order to create value for its business and for
society. This includes providing products that meet the beverage needs of
consumers, fostering an open and inclusive work environment, conducting our
business in ways that protect and preserve the environment and contribute to
the socio-economic development of our local communities.
Coca-Cola Hellenic`s shares are listed on the Athens Exchange (ATHEX: EEEK),
with a secondary listing on the London Stock Exchange (LSE: CCB). Coca-Cola
Hellenic's American Depositary Receipts (ADRs) are listed on the New York Stock
Exchange (NYSE: CCH). Coca-Cola Hellenic is included in the Dow Jones
Sustainability and FTSE4Good Indexes. For more information, please visit
www.coca-colahellenic.com
END
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