Coca Cola Europacific Partners : Results of 2024 AGM

Coca-Cola Europacific Partners plc - Results of 2024 Annual General Meeting

The Annual General Meeting of Coca-Cola Europacific Partners plc (the "Company") was held at 1A Wimpole Street, London, W1G 0EA, United Kingdom on 22 May 2024.

All 28 resolutions put to the members were passed on a poll. Accordingly, resolutions 1 to 23 were passed as ordinary resolutions and resolutions 24 to 28 were passed as special resolutions.

The results of the polls are set out below:

Resolution	For (see note 1)	Against (see note 1)	Issued share	Votes
						capital	withheld (see
		Votes	%	Votes	%
						represented	note 3)
						by votes
						(see note 2)
						%
1	Receipt of the Report	417,915,503	99.98%	84,142	0.02%	90.80%	165,250
	and Accounts
2	Approval of the	408,427,256	97.69%	9,671,156	2.31%	90.82%	66,483
	Directors' Remuneration
	Report
3	Election of Guillaume	417,344,334	99.82%	753,320	0.18%	90.82%	67,241
	Bacuvier as a director of
	the Company
4	Re-election of Manolo	352,724,956	84.40%	65,209,737	15.60%	90.79%	230,202
	Arroyo as a director of
	the Company
5	Re-election of John	408,678,515	97.75%	9,419,404	2.25%	90.82%	66,976
	Bryant as a director of
	the Company
6	Re-election of José	352,652,123	84.38%	65,282,168	15.62%	90.79%	230,604
	Ignacio Comenge as a
	director of the Company
7	Re-election of Damian	416,806,975	99.69%	1,292,257	0.31%	90.82%	65,663
	Gammell as a director of
	the Company
8	Re-election of Nathalie	417,146,635	99.77%	956,155	0.23%	90.82%	62,105
	Gaveau as a director of
	the Company
9	Re-election of Álvaro	413,747,999	98.97%	4,298,816	1.03%	90.81%	118,080
	Gómez-Trénor Aguilar
	as a director of the
	Company
10	Re-election of Mary	415,184,936	99.30%	2,917,792	0.70%	90.82%	62,167
	Harris as a director of
	the Company
11	Re-election of Thomas	412,097,539	98.71%	5,389,827	1.29%	90.69%	677,529
	H Johnson as a director
	of the Company
12	Re-election of Dagmar	413,468,454	98.89%	4,633,001	1.11%	90.82%	63,440
	Kollmann as a director
	of the Company
13	Re-election of Alfonso	413,712,935	98.96%	4,332,282	1.04%	90.81%	119,678
	Líbano Daurella as a
	director of the Company
14	Re-election of Nicolas	417,234,944	99.79%	863,710	0.21%	90.82%	66,241
	Mirzayantz as a director
	of the Company
15	Re-election of Mark	415,125,553	99.29%	2,973,834	0.71%	90.82%	65,508
	Price as a director of the
	Company
16	Re-election of Nancy	414,285,512	99.10%	3,763,369	0.90%	90.81%	116,014
	Quan as a director of
	the Company

Classification - Internal

Resolution	For (see note 1)	Against (see note 1)	Issued share	Votes
							capital	withheld (see
			Votes	%	Votes	%
							represented	note 3)
							by votes
							(see note 2)
							%
17		Re-election of Mario	413,720,470	98.97%	4,325,159	1.03%	90.81%	119,266
		Rotllant Solá as a
		director of the Company
18		Re-election of Dessi	413,478,571	98.89%	4,620,609	1.11%	90.82%	65,715
		Temperley as a director
		of the Company
19		Reappointment of the	416,614,352	98.44%	6,612,884	1.56%	91.94%	66,091
		Auditor
20		Remuneration of the	421,133,129	99.51%	2,057,505	0.49%	91.93%	102,693
		Auditor
21		Political Donations	417,056,454	99.78%	918,561	0.22%	90.79%	189,880
22		Authority to allot new	408,033,822	97.60%	10,037,443	2.40%	90.82%	93,630
		shares
23		Waiver of mandatory	194,046,934	77.06%	57,772,359	22.94%	54.70%	166,345,602
		offer provisions set out
		in Rule 9 of the
		Takeover Code (see
		note 4)
24		General authority to	415,239,434	99.54%	1,899,379	0.46%	90.61%	1,026,082
		disapply pre-emption
		rights
25		General authority to	414,883,787	99.44%	2,322,775	0.56%	90.63%	958,333
		disapply pre-emption
		rights in connection with
		an acquisition or
		specified capital
		investment
26		Authority to purchase	417,292,312	99.85%	626,560	0.15%	90.78%	246,023
		own shares on market
27		Authority to purchase	415,861,913	99.51%	2,060,176	0.49%	90.78%	242,806
		own shares off market
28		Notice period for	410,065,918	98.08%	8,021,153	1.92%	90.82%	77,824
		general meetings other
		than annual general
		meetings
Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. As at 12:00pm on Monday 20 May 2024, the time by which shareholders who wanted to attend, speak and vote at the AGM must have been entered on the Company's register of members, there were 460,354,782 ordinary shares in issue.
3. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
4. Resolution 23 was put to the AGM as a resolution of the shareholders of the Company other than Olive Partners, S.A. ("Olive") or any concert party of Olive.

Classification - Internal

Resolution 23, being the ordinary resolution to approve the waiver by the Panel on Takeovers and Mergers under Rule 9 of the City Code on Takeovers and Mergers (the "Rule 9 waiver") in connection with the Company's buyback programme was duly passed by 77.06% of the votes cast by the independent shareholders of the Company (being shareholders other than Olive and its presumed concert parties) with 22.94% of votes cast against. Resolution 23 is a standing agenda item at each Annual General Meeting to enable CCEP to exercise the authorities under Resolution 26 to purchase its own shares on market and Resolution 27 to purchase its own shares off market, which were passed with majorities of 99.85% and 99.51% respectively. This will enable CCEP to make use of the option to return value to shareholders through a possible future buyback programme. Had Resolution 23 not been passed, the Company would not have been able to effect such buyback programmes, as explained in the Notice of AGM and also in the Letter to Shareholders issued via RNS on 10 May 2024. CCEP intends to continue to engage with ISS on their standing policy to generally recommend a vote against Rule 9 waivers which we believe may be a contributing factor in influencing investor decisions in this regard. In addition, CCEP will continue to engage, in normal course and as appropriate, with shareholders who did not support Resolution 23 to understand the reasons for their vote against the proposal and to continue a transparent and constructive dialogue on this topic.

Olive is currently interested in 166,128,987 shares in the Company and the Waiver does not entitle Olive to be interested in a greater number of shares. The Waiver would allow Olive's interest in shares as a percentage of the Company's total shares to increase as a result of the exercise of the Company's authorities to purchase its own shares, but only to the extent that the resulting interest of Olive, together with any concert parties, in the shares of the Company did not then exceed 40.1034%.

In accordance with Listing Rule 14.3.6R, copies of the resolutions that do not constitute ordinary business at an annual general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

CONTACTS
Company Secretariat	Investor Relations	Media Relations
Clare Wardle	Sarah Willett	Shanna Wendt
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ABOUT CCEP

CCEP is one of the leading consumer goods companies in the world. We make, move and sell some the world's most loved brands - serving 600 million consumers and helping more than 2 million customers across 31 countries grow. We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support. The Company is currently listed on Euronext Amsterdam, NASDAQ (and a constituent of the Nasdaq 100), London Stock Exchange and on the Spanish Stock Exchanges, trading under the symbol CCEP.

For more information about CCEP, please visit www.cocacolaep.com & follow CCEP on LinkedIn @Coca-Cola Europacific Partners | LinkedIn

Classification - Internal