Coca-Cola Hellenic Bottling Company S.A. announces internal corporate structure changes
Athens, Greece - 28 March 2012 - Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic) announces that its Board of Directors approved today certain changes to Coca-Cola Hellenic's corporate structure, subject to regulatory approval and approval by shareholders at the Annual General Meeting on 25 June 2012.
Under the proposed transaction Coca-Cola Hellenic's Greek operating assets and liabilities will be transferred to a wholly-owned subsidiary of Coca-Cola Hellenic in accordance with the provisions of Greek Law 2166/1993. The effective date for the transformation of the balance sheet will be 31 March 2012. The transaction does not require a valuation and will be undertaken based on book values, which will be verified by the certified auditing firm PwC. The completion of the transaction is expected to take place in the third quarter of 2012.
The proposed changes in the corporate structure which brings the operations in Greece in line with the majority of Group operations in other countries is intended to reduce complexity and will not have any impact on Coca-Cola Hellenic's customers, employees or shareholders. It will ensure a clear distinction between Coca-Cola Hellenic, which manages operations in 28 countries, and its operations in Greece, which produces, distributes and sells Coca-Cola Hellenic's products in Greece.
Enquiries
Coca-Cola Hellenic
Oya
Gur Tel:
+30 210 618 3255
Investor Relations
Director email
: oya.gur@cchellenic.com
Coca-Cola
Hellenic
Investor Relations
Manager Tel:
+30 210 618 3124
Panagiotis
Vergis email:
panagiotis.vergis@cchellenic.com
European press contact:
Pendomer Communications
LLP Tel: (+44) 0
2036035222
Greg
Quine email:
greg.quine@pendomer.com
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.www.coca-colahellenic.com
distributed by | This press release was issued by Coca-Cola Hellenic Bottling Company SA and was initially posted at http://www.coca-colahellenic.com/investorrelations/2012-03-28/ . It was distributed, unedited and unaltered, by noodls on 2012-03-28 08:57:37 AM. The issuer is solely responsible for the accuracy of the information contained therein. |