The board of directors of Coca-Cola Hellenic Bottling Company (CCHBC) have resolved to buy back up to 5% of its paid-in share capital.

The Greece-based soft drinks bottler said yesterday (4 May) that the resolution allows the company to buy back the shares between now and 26 April 2011.

Based on the company's current share capital, the maximum amount that may be bought back under the programme is 18,270,104 shares. Purchases under the programme are subject to a minimum purchase price of EUR1.00 (US$1.34) per share and a maximum purchase price of EUR20.00 per share.

Last month the Greece-based soft drinks bottler posted a slide in full-year net profits, despite a 5% increase in sales volumes.