Embotelladora Andina S.A. Approves Appointment of Board of Directors; Approves Additional Dividend, Payable on May 20, 2013; Approves Additional Dividend Guidance
April 26, 2013 at 08:00 pm
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Embotelladora Andina S.A. announced at AGM held on April 25, 2013, the shareholders of the company approved the appointment of Franz Alscher, Francisco Javier Crespo, José de Gregorio Rebeco, Juan Andrés Fontaine Talavera, Emilio Rodriguez Larraín, Mariano Rossi and Ricardo Vontobel as directors of the company.
The shareholders of the company also approved additional dividend of CLP 12.30 per Series A Shares and CLP 13.53 per Series B Shares. Payment of this additional dividend will begin on May 20, 2013. The shareholders' registry will close on May 14, 2013 for payment of this dividend; and CLP 47 per Series A Shares and CLP 51.70 per Series B Shares. Payment of this second additional dividend, will be paid during the second half of 2013, on a date to be determined by the Board of Directors which will be timely informed to the Chilean Superintendence of Securities and Insurance, the U.S. SEC, the stock markets and the public in general.
Embotelladora Andina SA (Coca-Cola Andina) is a Chile-based beverage company. The main activity of the Firm is to manufacture, bottle, market and distribute the products registered under the name of The Coca-Cola Company (TCCC), as well as to market and distribute some brands of other companies such as Monster, Heineken, AB Inbev, Diageo and Capel, among others. The operating segments of the Company have been determined by geographic locations where it operates and holds licenses to produce, market and distribute products: Chile, Brazil, Argentina and Paraguay. The four segments identified develop their business through the production and sale of soft drinks, other beverages and packaging.