US: CCHBC approves 1-For-2 bonus share issue

By just-drinks.com editorial team | 15 October 2007

Coca-Cola Hellenic Bottling Co.'s shareholders have approved the issuance of one bonus share for every two shares held in the bottler.

The company said today (15 October), that the issue will be carried out following regulatory approval, through the capitalisation of share premium reserves.

After the issue, the number of CCHBC outstanding shares will increase from 242m shares to some 363m, while the value of each share would fall by about a third, the company added.

The new bonus shares are expected to begin trading next month.

Sectors: Soft drinks, Water

Companies: Coca-Cola Hellenic Bottling