07-10-2012
ATLANTA - The shareowners of The Coca‑Cola Company today approved a two-for-one stock split and an increase from 5.6 billion to 11.2 billion in the number of authorized shares of the Company's common stock.
The record date for the stock split is expected to be July 27, 2012, with new shares expected to be distributed on or about Aug. 10, 2012. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.
The split is the 11th in the stock's 92-year history and the first in 16 years. Answers to frequently asked questions about the stock split can be found on the Investors section of the Company's website, www.coca-colacompany.com/investors.
The Coca‑Cola Company's common stock began trading in 1919. Since its original listing, the stock has previously split 10 times - first in 1927 and most recently in 1996. With all dividends reinvested annually, one share of common stock purchased for $40 in 1919 would be worth approximately $10.3 million today.
About The Coca‑Cola Company
The Coca‑Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca‑Cola, the world's most valuable brand, our Company's portfolio features 15 billion dollar brands including Diet co*ke, Fanta, Sprite, Coca‑Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.8 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system employees.For more information, visitwww.coca-colacompany.com, follow us on Twitter atwww.twitter.com/CocaColaCoor find us on LinkedIn atwww.linkedin.com/company/the-coca-cola-company.
Forward-Looking Statements
This press release may contain statements, estimates or projections that constitute forward-looking statements as defined under U.S. federal securities laws. Generally, the words believe, expect, intend, estimate, anticipate, project, will and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca‑Cola Company's historical experience and our present expectations or projections. These risks include, but are not limited to, obesity and other health concerns; scarcity and quality of water; changes in the nonalcoholic beverages business environment, including changes in consumer preferences based on health and nutrition considerations and obesity concerns, shifting consumer tastes and needs, changes in lifestyles and competitive product and pricing pressures; risks related to the assets acquired and liabilities assumed in the acquisition, as well as the integration, of Coca‑Cola Enterprises Inc.'s former North America business; continuing uncertainty in the credit and equity market conditions; increased competition; our ability to expand our operations in developing and emerging markets; foreign currency exchange rate fluctuations; increases in interest rates; our ability to maintain good relationships with our bottling partners; the financial condition of our bottling partners; increases in income tax rates or changes in income tax laws; increases in indirect taxes or new indirect taxes; our ability and the ability of our bottling partners to maintain good labor relations, including the ability to renew collective bargaining agreements on satisfactory terms and avoid strikes, work stoppages or labor unrest; increase in the cost, disruption of supply or shortage of energy; increase in cost, disruption of supply or shortage of ingredients or packaging materials; changes in laws and regulations relating to beverage containers and packaging, including container deposit, recycling, eco-tax and/or product stewardship laws or regulations; adoption of significant additional labeling or warning requirements; unfavorable general economic conditions in the United States or other major markets; unfavorable economic and political conditions in international markets, including civil unrest and product boycotts; litigation uncertainties; adverse weather conditions; our ability to maintain brand image and corporate reputation as well as other product issues such as product recalls; changes in, or our failure to comply with, laws and regulations applicable to our products or our business operations; changes in accounting standards and taxation requirements; our ability to achieve overall long-term goals; our ability to protect our information technology infrastructure; additional impairment charges; our ability to successfully manage Company-owned or controlled bottling operations; the impact of climate change on our business; global or regional catastrophic events; and other risks discussed in our Company's filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca‑Cola Company undertakes no obligation to publicly update or revise any forward-looking statements.
I'm an enthusiast with an in-depth understanding of financial markets and corporate actions. I've closely followed the dynamics of stock markets, including stock splits, for years. Now, let's delve into the details of the article about The Coca-Cola Company's recent stock split approval.
The Coca-Cola Company's shareowners have recently given the green light to a two-for-one stock split. This means that for each share held, shareholders will receive an additional share, effectively doubling the number of outstanding shares. Additionally, the number of authorized shares of the Company's common stock is set to increase from 5.6 billion to 11.2 billion.
The record date for the stock split is anticipated to be July 27, 2012, with the distribution of new shares expected on or about August 10, 2012. Shareowners on record as of the close of business on the record date will be eligible to receive the extra shares.
This stock split marks the 11th in the stock's 92-year history and the first in 16 years. To provide more information to investors, answers to frequently asked questions about the stock split can be found on the Investors section of The Coca-Cola Company's website, www.coca-colacompany.com/investors.
The article also highlights the historical context of Coca-Cola's common stock. Since its original listing in 1919, the stock has undergone 10 previous splits. With all dividends reinvested annually, the article mentions that one share of common stock purchased for $40 in 1919 would be worth approximately $10.3 million today.
Furthermore, the article provides an overview of The Coca-Cola Company, emphasizing its position as the world's largest beverage company. The company's portfolio includes more than 500 sparkling and still brands, with Coca-Cola being recognized as the world's most valuable brand. The portfolio features several billion-dollar brands, such as Diet co*ke, Fanta, Sprite, Coca-Cola Zero, and others.
In terms of global reach, The Coca-Cola Company is the leading provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. The company, along with its bottling partners, has a vast distribution system, serving consumers in over 200 countries with 1.8 billion servings of beverages each day.
The article concludes with a section on forward-looking statements, cautioning readers about the potential risks and uncertainties associated with such statements, as required by U.S. federal securities laws. These risks include factors like health concerns, changes in the business environment, economic conditions, and various external influences.
For more detailed information, you can visit The Coca-Cola Company's official website or refer to their filings with the Securities and Exchange Commission (SEC), including the Annual Report on Form 10-K.
