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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Coca Cola Icecek AS    CCOLA   TRECOLA00011

COCA COLA ICECEK AS

(CCOLA)
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Coca Cola Icecek : Cancellation of the Extraordinary General Assembly

09/25/2020 | 12:05pm EST

FOR GENERAL RELEASE TO THE PUBLIC

September 25, 2020

Cancellation of the Extraordinary General Assembly

On September 10, 2020, Coca-Cola İçecek AŞ's (CCI) Board of Directors resolved to invite Our Company's shareholders to the Extraordinary General Assembly meeting to be held on October 5, 2020 to propose dividend distribution to be paid from extraordinary reserves in accordance with the Provisional Article 13/1 of Turkish Commercial Code No. 6102 and Communiqué on the Procedures and Principles Regarding the implementation of the Provisional Article 13 of the Turkish Commercial Code numbered 6102.

However, with the Presidential Decree no. 2948 published in the Official Gazette dated September 18, 2020, it was decided to extend the restriction period for the distribution of profits specified in the aforementioned Communiqué by three months. As a result our Company can not distribute dividends and General Assembly can not approve the dividend distribution proposal. Therefore, also taking into account the pandemic environment, it has been decided to cancel the Extraordinary General Assembly Meeting which was announced to be held on October 5, 2020.

Company Profile

CCI is a multinational beverage company which operates in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. As one of the key bottlers of the Coca-Cola system, CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company.

CCI employs close to 8500 people and has a total of 26 plants in 10 countries, offering a wide range of beverages to a consumer base of 400 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, and iced teas.

CCI's shares are traded on the Istanbul Stock Exchange (BIST) under the symbol "CCOLA.IS", and Eurobond is traded in the Irish Stock Exchange, under the symbol "CCOLAT.

Contacts

Andriy Avramenko

Mrs. Çiçek Uşaklıgil Özgüneş

Chief Financial Officer

Investor Relations and Treasury Director

Tel: +90 216 528 4410

Tel: +90 216 528 4002

andriy.avramenko@cci.com.tr

cicek.ozgunes@cci.com.tr

Öktem Söylemez

Investor Relations Executive

Tel: +90 216 528 4618

oktem.soylemez@cci.com.tr

PUBLIC

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Coca-Cola Içecek AS published this content on 25 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 16:04:06 UTC


© Publicnow 2020
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Sales 2020 14 218 M 1 919 M 1 919 M
Net income 2020 1 533 M 207 M 207 M
Net Debt 2020 1 387 M 187 M 187 M
P/E ratio 2020 13,8x
Yield 2020 3,43%
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EV / Sales 2021 1,30x
Nbr of Employees 8 040
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NameTitle
Burak Basarir Chief Executive Officer
Tuncay Özilhan Chairman
Andriy Avramenko Chief Financial Officer
Leyla Deliç Chief Information Officer
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