Coca Cola Içecek Anonim Sirketi : Related Party Transactions
April 21, 2021 at 04:48 pm IST
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FOR GENERAL RELEASE TO THE PUBLIC
April 19, 2021
Board of Directors' Report on Related Party Transactions
During 2021
The conclusion section of the report prepared by Eren Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik A.Ş. with respect to the terms and conditions of the transactions which are common and of a continuous nature between the Company and its subsidiaries and related parties and expected to reach, during 2021, 10% or more of the cost of sales or revenues stated in the publicly disclosed 2020 annual financial statements of the Company, and comparing these transactions with market conditions, is as follows:
Conclusion Section of the Report on Related Party Transactions Contemplated For 2021
As a result of the evaluation made as per paragraph 3 Article 10 of the Capital Markets Board's "Corporate Governance" communiqué (II.17.1), by taking into account also the work undertaken by the Independent Audit Firm with respect to those transactions which are common and of a continuous nature between our Company and The Coca- Cola Export Corporation and its subsidiaries and our subsidiary Coca-Cola Satış ve Dağıtım A.Ş. and expected to reach, during 2021, 10% or more of the cost of sales or revenues stated in the publicly disclosed 2020 annual financial statements of our company, it is concluded that; the transaction conditions of "Concentrate/Base" purchases which are contemplated to be made by and between our Company and its related parties, The Coca-Cola Export Corporation and its subsidiaries, and sales which are expected to be made to Coca-Cola Satış ve Dağıtım A.Ş. in 2021 shall be consistent with the transactions of previous years and at arm's length when compared with market conditions.
Company Profile
CCI is a multinational beverage company which operates in Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan. As one of the key bottlers of the Coca-Cola system, CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company.
CCI employs close to 8500 people and has a total of 26 plants in 10 countries, offering a wide range of beverages to a consumer base of 400 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.
CCI's shares are traded on the Istanbul Stock Exchange (BIST) under the symbol "CCOLA.IS", and Eurobond is traded in the Irish Stock Exchange, under the symbol "CCOLAT.
Coca-Cola Icecek Investor Relations I Tel: +90 216 528 3392 I Fax: +90 216 510 70 10 I CCI-IR@cci.com.tr I www.cci.com.tr Page 1 of 2
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Contacts
Mr. Andriy Avramenko
Mrs. Çiçek Uşaklıgil Özgüneş
Chief Financial Officer
Investor Relations and Treasury Director
Tel: +90 216 528 4410
Tel: +90 216 528 4002
andriy.avramenko@cci.com.tr
cicek.ozgunes@cci.com.tr
Mr. Doruk Sazer, CFA
Investor Relations Manager
Tel: +90 216 528 4276
doruk.sazer@cci.com.tr
Coca-Cola Icecek Investor Relations I Tel: +90 216 528 3392 I Fax: +90 216 510 70 10 I CCI-IR@cci.com.tr I www.cci.com.tr Page 2 of 2
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Disclaimer
Coca-Cola Içecek AS published this content on 19 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2021 11:17:00 UTC.
Coca-Cola Icecek AS (CCI) is a Turkey-based company engaged in the bottling and distribution of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. The Company bottles and distributes a number of The Coca-Cola Company brands of soft drinks and beverages, including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Burn and Gladiator. Also under the agreement signed with Schweppes Holdings Limited, the Company has the exclusive right in Turkey, Kazakhstan and Jordan to sell and distribute beverages under the Schweppes trademark. CCI operates production facilities in different regions of Turkey as well as abroad. CCI also holds interest in Turkmenistan Coca-Cola Bottlers Ltd., CC Beverage Limited, the Coca-Cola Beverages Pakistan Ltd. and Azerbaijan Coca-Cola Bottlers Limited in Azerbaijan, among other.