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 attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
| 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 ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (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 instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting 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 person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| Truad Verwaltungs A.G. | Torval Investment 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
