COCA-COLA HBC LAUNCHES GBP225 MILLION SHARE BUY BACK PLAN – Transaction in own shares

by on 7 December 2018

Coca-Cola HBC AG on Monday said it intends to buy back up to 7.5 million shares, worth GBP225 million, with the majority of the shares expected to be cancelled.

The stock was trading up 2.8% early on Monday at 2,400.00 pence a share.

The soft-drinks bottling company said the purpose of the share purchase programme is to avoid dilution resulting from the issue of stock options and meet the requirements of its employee incentive scheme.

Coca-Cola HBC said it will cancel the majority of repurchased shares. Those that are not cancelled will be held in treasury until either awarded to employees under the company’s employee incentive scheme or a capital reduction is implemented.

The share repurchase plan is anticipated to complete no later than at the end of June next year.

Coca-Cola HBC AG (“Company”) announces that it
purchased the following number of its ordinary shares of 6.70 CHF each (“ordinary shares”) on
the London Stock Exchange through Credit Suisse Securities (Europe) Limited (“Credit Suisse”)
as part of its share purchase programme announced on Monday 3 December 2018:
Date of transaction 5 December 2018
Number of shares repurchased 75,000
Average price paid per share 2402.17 pence
Lowest price paid per share 2395.00 pence
Highest price paid per share 2433.00 pence
Broker Credit Suisse
The repurchased ordinary shares will be either cancelled upon receiving approval from the
Company’s shareholders and subsequent implementation of a capital decrease or be used to
meet the requirements of the Company’s employee incentive scheme. Until such approval is
obtained or the shares are used to meet such requirements, the repurchased ordinary shares
will be held in treasury.
As at 6 December 2018, the Company’s issued share capital consisted of 371,813,729 ordinary
shares, of which 354,925 ordinary shares are held by Coca-Cola HBC AG (including the
repurchased shares) and 3,430,135 ordinary shares are held by its subsidiary, Coca-Cola HBC
Services MEPE, in treasury. Therefore the total number of voting rights in the Company is
368,028,669 which may be used by shareholders as the denominator for calculations by which
they will determine if they are required to notify their interest in, or a change to their interest in
the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency
Rules.
Since announcing the share purchase programme on Monday 3 December 2018, the Company
has purchased 340,000 of its ordinary shares.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse
Regulation), the schedule below provides detailed information about the transactions made by
Credit Suisse on behalf of the Company as part of the share purchase programme.