INFORMATION PURSUANT TO ARTICLE 4 PARA. 1e OF GREEK LAW 3401/2005 REGARDING STOCK OPTION PLANS FOR THE COCA-COLA HELLENIC BOTTLING COMPANY S.A. EMPLOYEES AND FOR THOSE OF ITS AFFILIATE COMPANIES
This information is submitted to the Greek Capital Markets Commission by Coca‑Cola Hellenic Bottling Company S.A. (“CCHBC” or the “Company”), for the offering of stock options of the Company in Greece, pursuant to the implementation of stock option plans established for its employees and those of its affiliate companies, as approved by the General Meeting of its shareholders, in accordance with article 13, para. 9 of Codified Law 2190/1920.
Stock Options Plans have been established by CCHBC in order to encourage employees to identify with shareholder interest and to focus on CCHBC’s longterm growth.
1. The Employees of CCHBC and its affiliates, which are stock option beneficiaries, pursuant to the Programmes approved by the General assemblies of the Shareholders dated 22.11.2001, 6.6.2003, 17.6.2005 and awarded by virtue of CCHBC’s Board of the Directors resolutions dated 13.12.2001, 23.6.2003, 15.12.2003, 3.12.2004, 2.12.2005 are invited to declare in writing to CCHBC their intention to exercise in whole or in part their stock options starting November 15th 2006 and ending December 17th, 2006. The number of employees eligible to exercise stock options is in aggregate 303 (272 out of them are employees of affiliate companies abroad). The total number of stock options available for exercise is 3,000,079.
2. On 21.03.2006, 23.06.2006 and 13.12.2006, CCHBC’s Board of Directors awarded 1,090,800 stock options to 48 employees of the Company and of its affiliate companies, pursuant to the resolution of the Annual General Meeting of shareholders dated 17.6.2005 which had approved the issuance of up to 4,950,000. These stock options will be available for exercise on or after 21.03.2007, 23.06.2007 and 13.12.2007, respectively.
Each Stock Option corresponds to one (1) ordinary bearer share in CCHBC.
The exercise price per Stock Option amounts to EUR 24.85, regarding 50.000 stock options awarded by CCHBC’s Board of Directors on 21.03.2006, EUR 23.02, regarding 30.000 stock options awarded by CCHBC’s Board of Directors on 23.06.2006 and EUR 28.06, regarding 1,010,800 stock options awarded by CCHBC’s Board of Directors on 13.12.2006 i.e. it is equal to the average value of the Company's share price at close of trading on the Athens Exchange over the last ten (10) working days prior to the respective decision of the Board of Directors granting the options.
The Stock Options granted will vest over a period of three years and will become exercisable by 1/3 on the first anniversary of the grant date (i.e. on 21.03.2007, 23.06.2007 and 13.12.2007 respectively); by 2/3 on the second anniversary of the grant date (i.e. on 21.03.2008, 23.06.2008 and 13.12.2008 respectively); and in full on the third anniversary of the grant date (i.e. on 21.03.2009, 23.06.2009 and 13.12.2009 respectively). The Stock Options will lapse on 20.03.2016, 22.06.2016 and 12.12.2016 respectively, unless forfeited earlier as more fully described below.
Stock Options that have vested (but have not lapsed) may be exercised by the participant notifying such exercise to the Company’s Board of Directors and paying the exercise price to the Company. In the month of December next following such exercise, the Board of Directors will resolve to increase the share capital of the Company and will issue a number of shares equal to the number of Stock Options exercised. Vested Stock Options may be exercised at any time, but for as long as relevant Greek legislation provides that shares under a stock option plan may only be issued in the month of December, the Board shall cause the Company to issue the relevant Shares within the month of December next following the receipt of notice exercising any Option (or within the same month of December if such notice is received not later than the 17th of December).
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