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Coca Cola HBC AG Proposes Dividend

Thursday, 16 May 2013 02:01am EDT 

Coca Cola HBC AG announced that the Board of Directors of Coca-Cola HBC decided to propose to its shareholders the distribution of a EUR 0.34 dividend per share. The dividend is to be paid out of Coca-Cola HBC's capital contribution reserves and the total aggregate amount is capped at CHF 200 million. In case the cap is exceeded, the euro per share dividend amount will be reduced on a pro rata basis. The declaration of such dividend will be subject, among other things, to the shareholders' approval at an extraordinary general meeting of Coca-Cola HBC, which is expected to take place in June 2013. Subject to the approval of the dividend by Coca-Cola HBC's shareholders and to the prior completion of the Greek statutory squeeze-out of the remaining Coca-Cola Hellenic Bottling Company S.A. minority shareholders, the Board of Directors anticipates that the dividend will be paid on July 23, 2013 to holders of Coca-Cola HBC shares on the record date June 28, 2013. The shares are expected to be traded ex-dividend as of June 26, 2013, in which case the last day on which the shares may be traded with entitlement to receive dividends will be June 25, 2013. In the event that the statutory squeeze-out is delayed, the Board of Directors expects to postpone the ex-dividend date, the record date and the payment of the dividend until after the completion of the Greek statutory squeeze-out. 

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11:35am EDT