Coca Cola Europacific Partners : Results of 2023 AGM

Coca-Cola Europacific Partners plc - Results of 2023 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 24 May 2023.

All 30 resolutions put to the members were passed on a poll. Accordingly, resolutions 1 to 25 were passed as ordinary resolutions and resolutions 26 to 30 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	401,608,982	99.99	26,657	0.01	87.53	128,634
	and Accounts
2	Approval of the
	Directors' Remuneration	398,060,389	99.10	3,633,330	0.90	87.54	70,554
	Policy
3	Approval of the
	Directors' Remuneration	326,900,982	81.46	74,386,007	18.54	87.46	477,284
	Report
4	Election of Mary Harris
	as a director of the	396,165,343	98.62	5,556,799	1.38	87.55	42,131
	Company
5	Election of Nicolas
	Mirzayantz as a director	400,647,801	99.73	1,072,640	0.27	87.55	43,832
	of the Company
6	Election of Nancy Quan
	as a director of the	398,247,371	99.15	3,424,603	0.85	87.54	92,299
	Company
7	Re-election of Manolo
	Arroyo as a director of	327,016,025	81.52	74,146,730	18.48	87.43	601,518
	the Company
8	Re-election of John
	Bryant as a director of	383,925,736	95.57	17,796,001	4.43	87.55	42,536
	the Company
9	Re-election of José
	Ignacio Comenge as a	340,400,836	84.85	60,755,599	15.15	87.43	607,838
	director of the Company
10	Re-election of Damian
	Gammell as a director of	399,665,278	99.49	2,051,202	0.51	87.55	47,793
	the Company
11	Re-election of Nathalie
	Gaveau as a director of	400,239,659	99.63	1,481,491	0.37	87.55	43,123
	the Company
12	Re-election of Álvaro
	Gómez-Trénor Aguilar	398,255,592	99.15	3,410,195	0.85	87.54	98,486
	as a director of the
	Company
13	Re-election of Thomas
	H Johnson as a director	380,352,717	94.68	21,369,090	5.32	87.55	42,466
	of the Company
14	Re-election of Dagmar
	Kollmann as a director	396,872,734	98.79	4,849,967	1.21	87.55	41,572
	of the Company
15	Re-election of Alfonso
	Líbano Daurella as a	398,282,906	99.16	3,388,947	0.84	87.54	92,420
	director of the Company
16	Re-election of Mark
	Price as a director of the	397,432,894	98.93	4,289,121	1.07	87.55	42,258
	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
	Rotllant Solá as a	398,299,343	99.16	3,371,732	0.84	87.54	93,198
	director of the Company
18	Re-election of Dessi
	Temperley as a director	395,888,495	98.55	5,826,476	1.45	87.55	49,302
	of the Company
19	Re-election of Garry
	Watts as a director of	400,282,236	99.64	1,440,199	0.36	87.55	41,838
	the Company
20	Reappointment of the	394,397,371	98.18	7,312,398	1.82	87.55	54,504
	Auditor
21	Remuneration of the	400,455,127	99.69	1,244,559	0.31	87.55	64,587
	Auditor
22	Political Donations	400,327,265	99.84	634,426	0.16	87.38	802,582
23	Authority to allot new	390,691,176	97.26	10,997,388	2.74	87.54	75,709
	shares
24	Waiver of mandatory
	offer provisions set out
	in Rule 9 of the	183,391,655	78.07	51,524,688	21.93	51.20	166,847,930
	Takeover Code (see
	note 4)
25	Approval of Long Term	398,632,467	99.24	3,054,500	0.76	87.54	77,306
	Incentive Plan
26	General authority to
	disapply pre-emption	398,050,840	99.38	2,465,812	0.62	87.29	1,247,621
	rights
27	General authority to
	disapply pre-emption
	rights in connection with	397,109,783	99.14	3,462,858	0.86	87.30	1,191,632
	an acquisition or
	specified capital
	investment
28	Authority to purchase	400,401,708	99.78	873,833	0.22	87.45	488,732
	own shares on market
29	Authority to purchase	394,934,181	98.42	6,335,082	1.58	87.45	495,010
	own shares off market
30	Notice period for
	general meetings other	390,811,804	97.29	10,895,895	2.71	87.55	56,574
	than annual general
	meetings

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. As at 4.30pm on Monday 22 May 2023, 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 458,846,191 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 24 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 24, 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 78.07% of the votes cast by the independent shareholders of the Company (being shareholders other than Olive and its presumed concert parties) with 21.93% of votes against. Resolution 24 is a standing agenda item at each Annual General Meeting to enable CCEP to exercise the authorities under Resolution 28 to purchase its own shares on market and Resolution 29 to purchase its own shares off market, which were passed with majorities of 99.78% and 98.42% respectively. This will enable CCEP to make use of the option to return value to shareholders through a possible future buyback programme. Had Resolution 24 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 15 May 2023. CCEP intends to continue to engage with ISS on their standing policy to recommend a vote against a Rule 9 waiver which we believe may be 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 24 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 40.2797%.

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
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ABOUT CCEP

Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving 600 million consumers and helping 2 million customers across 29 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, the NASDAQ Global Select Market, 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 Twitter at @CocaColaEP.

Classification - Internal