Coca-Cola Hellenic Bottling Company S.A. Announces Extension of Existing Shareholders’ Agreement
Under the terms of the new agreement, the combined shareholdings of Kar-Tess Holding S.A. and The Coca-Cola Company will not fall below 44% for the period up to January 2014 and not below 40% for the period thereafter.
30/12/08 Coca-Cola Hellenic Bottling Company S.A., announced that its two major shareholders, Kar-Tess Holding S.A. and The Coca-Cola Company, have agreed to extend their existing shareholders’ agreement until 31 December 2018. This demonstrates the strong commitment of both shareholders to continue to support Coca-Cola Hellenic for the long-term.
Among the key elements of the amended shareholders’ agreement is the restriction on the sale of Coca-Cola Hellenic’s ordinary shares owned by Kar-Tess Holding S.A. and The Coca-Cola Company. Under the terms of the new agreement, the combined shareholdings of Kar-Tess Holding S.A. and The Coca-Cola Company will not fall below 44% for the period up to January 2014 and not below 40% for the period thereafter.
Doros Constantinou, Managing Director of Coca-Cola Hellenic commented: “We are very pleased with the renewed long-term commitment of our major shareholders which reflects a continuation of the strong support and commitment to our vision for driving sustainable growth and value accretion. Since the inception of the Company in 2000, Coca-Cola Hellenic has been transformed in terms of scale and breadth of operations, market capitalisation and diversity of ownership, and we are delighted with the endorsement we have received from Kar-Tess Holding S.A. and The Coca-Cola Company.”