Coca-​Cola Hellenic to delist from Australian Bourse

Coca-​Cola Hellenic Bottling Co SA will delist its securities from the Australian Securities Exchange in three months.

The Athens-​based bottling group was admitted to the domestic bourse in August 2000, and plans to delist at the close of trading on 26 August this year. Its decision is due to the low level of securities quoted on the Australian exchange, which account for just 0.63% of its outstanding capital stock.

Coca-​Cola Hellenic said in a statement on 2 June that it was unlikely to raise equity capital in Australia, and that it wanted to avoid the costs of maintaining the listing. Its main listing is on the Athens Exchange and it has a secondary listing on the London Stock Exchange.

Source: Asia Pulse

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