COCA-COLA IÇECEK ANONIM SIRKETI The conclusion section of the report with respect to the terms and conditions of the transactions which are common and of a continuous nature between the Company and its affiliates and related parties and which are expected to reach, during 2016, 10% or more of the cost of sales or revenues that are stated on the last publicly released financial statements of the Company and comparing these transactions with market conditions, is as follows:
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 Agency 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 affiliated company Coca-Cola Satış ve Dağıtım A.Ş. and which are expected to reach during 2016 10% or more of the cost of sales or revenues that are stated on the publicly released 2015 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 companies The Coca-Cola Export Corporation and its subsidiaries and sales which are contemplated to be made to Coca-Cola Satış ve Dağıtım A.Ş. shall be consistent with the transactions of previous years and at-arm's length when compared with market conditions.
Coca-Cola İçecek (CCI) is the 6th largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.
CCI employs more than 10,000 people and has a total of 25 plants, offering a wide range of beverages to a consumer base of close to 380 million people. In addition to sparkling beverages, the product portfolio includes juice, water, sports and energy drinks, tea and ice teas.
CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.
Orhun Köstem Chief Financial Officer Tel: +90 216 528 4432 orhun.kostem@cci.com.tr | Deniz Can Yücel Investor Relations Manager Tel: +90 216 528 3386 deniz.yucel@cci.com.tr |
Coca-Cola Icecek Investor Relations I Tel: +90 216 528 3392 I Fax: +90 216 510 70 08 I CCI-IR@cci.com.tr I www.cci.com.tr
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Coca-Cola Içecek AS issued this content on 08 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 April 2016 07:15:33 UTC
Original Document: http://www.cci.com.tr/UserFiles/Special_CaseOzel_Durum/2016/Board_of_Directors_Report_on_Related_Party_Transactions_During_2016.pdf
