CCH Coca-cola Hbc Ag

TIDMCCH

RNS Number : 8353X

Coca-Cola HBC AG

27 December 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

CH0198251305

Issuer Name

COCA-COLA HBC AG

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An event changing the breakdown of voting rights

3. Details of person subject to the notification obligation

Name

Truad Verwaltungs A.G.

City of registered office (if applicable)

Zurich

Country of registered office (if applicable)

Switzerland

4. Details of the shareholder

 
  Name                        City of registered office    Country of registered office 
   Kar-Tess Holding 
                            ===========================  ============================== 
   Boval Sarl 
                            ===========================  ============================== 
   Boval Limited 
                            ===========================  ============================== 
   Lavonos Ltd 
                            ===========================  ============================== 
   Torval Investment Corp. 
                            ===========================  ============================== 
 

5. Date on which the threshold was crossed or reached

22-Dec-2023

6. Date on which Issuer notified

22-Dec-2023

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                23.300000               0.000000                23.300000               85355019 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable) 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
ISIN code(if possible)  voting rights (DTR5.1)  voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
                                                (DTR5.2.1) 
CH0198251305                                       85355019                                        23.300000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              85355019                                        23.300000% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial           Expiration date  Exercise/conversion period  Number of voting rights    % of voting rights 
instrument                                                               that may be acquired if 
                                                                         the instrument is 
                                                                         exercised/converted 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of financial   Expiration date  Exercise/conversion  Physical or cash     Number of voting     % of voting rights 
instrument                           period               settlement           rights 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
Ultimate controlling     Name of controlled       % of voting rights if  % of voting rights     Total of both if it 
person                   undertaking              it equals or is        through financial      equals or is higher 
                                                  higher than the        instruments if it      than the notifiable 
                                                  notifiable threshold   equals or is higher    threshold 
                                                                         than the notifiable 
                                                                         threshold 
   Truad Verwaltungs        Torval Investment 
    A.G.                     Corp.                   23.300000                                     23.300000% 
                         =======================  =====================  =====================  ====================== 
   Truad Verwaltungs 
    A.G.                    Boval Limited            23.300000                                     23.300000% 
                         =======================  =====================  =====================  ====================== 
   Truad Verwaltungs 
    A.G.                    Kar-Tess Holding         23.300000                                     23.300000% 
                         =======================  =====================  =====================  ====================== 
 

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

This notification is made by Truad Verwaltungs A.G. ("Truad") in its capacity as a professional trustee of a private irrevocable discretionary trust established for the primary benefit of descendants of the father of the late Anastasios Georgios Leventis (the "Trust").

Up to 22.12.2023 Truad indirectly held in its above capacity through the chain of companies it fully controlled (namely Torval Investment Corp. which controlled its 100% subsidiary Lavonos Ltd. which controlled its 100% subsidiary Boval Limited which controlled its 100% subsidiary Boval S.à.r.l. which controlled its 100% subsidiary Kar-Tess Holding) 23.3% of the total number of the voting rights of the issuer (corresponding to 85,355,019 voting rights and equal number of ordinary shares). On 22.12.2023 (a) Lavonos Ltd. transferred to Torval Investment Corp. the entirety (100%) of the shares it held in the share capital of its subsidiary Boval Limited and (b) a reverse merger was completed in the context of which Boval S.à.r.l. has been absorbed by its direct and wholly (100%) owned subsidiary Kar-Tess Holding. As a result Boval S.à.r.l. ceased to exist and all its assets and liabilities have been universally transferred to Kar-Tess Holding.

Following the completion of the aforementioned actions, the percentage of voting rights held indirectly by Truad in the issuer remains unchanged. Truad indirectly holds 23.3% of the total number of the voting rights of the issuer (corresponding to 85,355,019 voting rights and equal number of ordinary shares) through the chain of companies it fully controls (namely Torval Investment Corp. which controls its 100% subsidiary Boval Limited which controls its 100% subsidiary Kar-Tess Holding).

Furthermore, Truad controls and exercises the aforementioned voting rights at its discretion without receiving any specific directions or instructions by the beneficiaries of the Trust or any other person and there is no other person who controls Truad.

12. Date of Completion

22-Dec-2023

13. Place Of Completion

Athens, Greece

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December 27, 2023 02:04 ET (07:04 GMT)