Athens, Greece – December 29, 2008 – Coca‑Cola Hellenic Bottling Company S.A. (‘Coca‑Cola Hellenic’, ‘the Company’) announced today 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 today from Kar-Tess Holding S.A. and The Coca‑Cola Company.”
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About Coca‑Cola Hellenic
Coca‑Cola Hellenic is one of the world's largest bottlers of products of The Coca‑Cola Company with sales of more than 2 billion unit cases. It has broad geographic reach with operations in 28 countries serving a population of approximately 550 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) and Chess Depositary Instruments (CDIs) are listed on the Australian Stock Exchange (ASX: CHB). Coca‑Cola Hellenic is included in the Dow Jones Sustainability and FTSE4Good Indexes. For more information, please visit www.coca-colahellenic.com