ASX Participants and ASX Clear Pty Limited (ASXCL) Participants were advised in ASX Notice No. 0426.21.04 dated 06 April 2021 of the proposed method of termination for ETOs over Coca-Cola Amatil Limited  (ASX Code: CCL) under the Coca-Cola European Partners Plc acquisition.

The proposed acquisition of Coca-Cola Amatil Limited by Coca-Cola European Partners has been approved by the Independent Shareholders on Friday, 16 April 2021.

The proposed acquisition of Coca-Cola Amatil Limited by Coca-Cola European Partners remains subject to approval of the Court at the hearing scheduled for 9.15am (Sydney time) on 20 April 2021, and certain other conditions precedent as previously announced and described in the Scheme Booklet.

What do I need to do by when?

Participants should be aware of the content of this Notice as it sets out the treatment of the termination with respect to open positions in ASX CCL ETO contracts.

Termination Prices of Series

Termination will be done at intrinsic value for each series using cash settlement of $13.32 (scheme consideration exclude 2H 2020 divided) as the reference price.

Option positions held at the close of business on Wednesday, 21 April 2021 will be closed out and cash settled at intrinsic value. Takers will be credited and writers will be debited. ASXCL will settle these cash amounts on Thursday, 22 April 2021.

Exercise Restriction

Exercises will be restricted on the last day of trading of CCL shares on ASX.  The last day when the CCL ETOs can be exercised is on Tuesday, 20 April 2021.

Effective Date

A further ASX Notice will be released after the close of trading on Wednesday, 21 April 2021 setting out the table of termination prices.

Need more information?

Issued by

Cheng Zhang, Equity Operations

Contact information

Cheng Zhang
1800 623 571
chesshelp@asx.com.au

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