SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G
       

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 


 

(Amendment No.     )

 

 

COCA-COLA HELLENIC BOTTLING

COMPANY S.A.

(Name of Issuer)

 

 


 

Ordinary shares of nominal value of €0.31 per share

(Title and Class of Securities)

 

1912EP104

(CUSIP Number)

 

October 8, 2002

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨    Rule 13d-1(b)

 

¨    Rule 13d-1(c)

 

x    Rule 13d-1(d)

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 




CUSIP No. 1912EP104


 

13G

 

Page 2 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Kar-Tess Holding S.A.

I.R.S. Identification No. of Above Person         None

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

Luxembourg

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

CO

    



CUSIP No. 1912EP104


 

13G

 

Page 3 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Boval S.A.

I.R.S. Identification No. of Above Person         None

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

Luxembourg

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

CO

    



CUSIP No. 1912EP104


 

13G

 

Page 4 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Socomex S.A.

I.R.S. Identification No. of Above Person         None

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

Luxembourg

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

CO

    



CUSIP No. 1912EP104


 

13G

 

Page 5 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Severine Ltd.

I.R.S. Identification No. of Above Person         None

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

Luxembourg

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

94,191,355

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

94,191,355

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

94,191,355

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

39.8%

    

  12

  

Type of Reporting Person

CO

    



CUSIP No. 1912EP104


 

13G

 

Page 6 of 21 Pages


 

 


  1

  

Name of Reporting Person                 George A. David

I.R.S. Identification No. of Above Person         Not Applicable

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

United Kingdom

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

IN

    



CUSIP No. 1912EP104


 

13G

 

Page 7 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Anastasios P. Leventis

I.R.S. Identification No. of Above Person         Not Applicable

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

United Kingdom

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

IN

    



CUSIP No. 1912EP104


 

13G

 

Page 8 of 21 Pages


 

 


  1

  

Name of Reporting Person                 Haralambos K. Leventis

I.R.S. Identification No. of Above Person         Not Applicable

    

  2

  

Check the Appropriate Box if a Member of a Group

  

(a) ¨

(b) x


  3

  

SEC Use Only

 

    

  4

  

Citizenship or Place of Organization

United Kingdom

    

Number of Shares

Beneficially

Owned by

Each Reporting

Person With

  

  5

  

Sole Voting Power

0

    
  
  

  6

  

Shared Voting Power

150,932,741

    
  
  

  7

  

Sole Dispositive Power

0

    
  
  

  8

  

Shared Dispositive Power

150,932,741

    

  9

  

Aggregate Amount Beneficially Owned by Each Reporting Person

150,932,741

    

  10

  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  

¨


  11

  

Percent of Class Represented by Amount in Row (9)

63.8%

    

  12

  

Type of Reporting Person

IN

    



CUSIP No. 1912EP104


 

13G

 

Page 9 of 21 Pages


 

 

Item 1(a).


  

Name of Issuer:

 

Coca-Cola Hellenic Bottling Company S.A. (“CCHBC”)

      

Item 1(b).


  

Address of Issuer’s Principal Executive Offices:

 

9 Fragoklissias Street

151 25 Maroussi

Athens, Greece

      

Item 2(a).
















  

Name of Person(s) Filing:

 

This Schedule 13G is filed on behalf of Kar-Tess Holding S.A., Boval S.A., Socomex S.A., Severine Ltd., Mr. George A. David, Mr. Haralambos K. Leventis and Mr. Anastasios P. Leventis (collectively the “Reporting Persons”) with respect to ordinary shares issued by the Coca-Cola Hellenic Bottling Co. (“CCHBC Shares”). Of the Reporting Persons, Kar-Tess Holding S.A., Severine Ltd., Boval S.A. and Socomex S.A. directly own CCHBC shares. In addition, all of the Reporting Persons, with the exception of Severine Ltd., along with The Coca-Cola Export Corporation, Barlan Inc., Atlantic Industries, Coca-Cola Overseas Parent Limited, and Refreshment Product Services, Inc. (the “Coca-Cola Company Entities”) may be deemed as a group to have beneficial ownership of CCHBC Shares as a result of the Kar-Tess Holding S.A., Boval S.A. and Socomex S.A. (the “Kar Tess Group”) and the Coca-Cola Companies Entities being signatories to the Shareholders Agreement, dated November 3, 1999, as amended (the “Shareholders Agreement”), a copy of which is attached as Exhibit 3.1, and the amendment to which is attached as Exhibit 3.2, to the Form 20-F filed by CCHBC with the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2002, and declared effective with the SEC on October 8, 2002.

 

The Shareholders Agreement includes, among other things, the following restrictions on the Kar-Tess Group and the Coca-Cola Company Entities:

 

Restrictions on Transfer

 

The Shareholders Agreement prohibits any sale of CCHBC Shares owned by the Kar-Tess Group or the Coca-Cola Company Entities if, as a result of such sale, the combined shareholdings of the Kar-Tess Group and the Coca-Cola Company Entities would not exceed 50% of the outstanding shares of CCHBC. However, the Kar-Tess Group and the Coca-Cola Company Entities have also agreed to negotiate in good faith an agreement that allows transfer of CCHBC Shares below this minimum threshold provided that they continue to jointly control CCHBC.

 

Composition of CCHBC Board of Directors

 

The Kar-Tess Group and the Coca-Cola Company Entities agreed in the Shareholders Agreement that the initial composition of the board of directors of CCHBC would be ten directors comprising:

 

•      two directors designated by the Coca-Cola Company Entities;

 

•      four directors designated by the Kar-Tess Group; and



CUSIP No. 1912EP104


 

13G

 

Page 10 of 21 Pages


 

 

    the remaining directors jointly designated by the Kar-Tess Group and the Coca-Cola Company Entities.

 

The Kar-Tess Group and the Coca-Cola Company Entities have also agreed to cast the votes attaching to their CCHBC Shares so that each other’s nominees are elected to the CCHBC board of directors and, in the event that there are more or less than ten directors on the CCHBC board, so that the Kar-Tess Group and the Coca-Cola Company Entities maintain their respective proportional representation on the CCHBC board of directors.

 

Decisions of the CCHBC Board of Directors

 

The Kar-Tess Group and the Coca-Cola Company Entities have agreed to seek to convene an extraordinary general meeting of the CCHBC shareholders to replace the CCHBC board of directors in the event a resolution is passed by the CCHBC board of directors in circumstances where a representative director of either the Kar-Tess Group or the Coca-Cola Company Entities has voted against such resolution to:

 

    engage in any business other than the bottling of beverages;

 

    incur any indebtedness, including in the form of guarantees, or approve capital expenditures in excess of $10 million;

 

    enter into any arrangements providing for payments or other consideration in excess of $10 million;

 

    sell, lease, exchange, transfer or otherwise dispose of all or substantially all of the CCHBC assets or sell the majority of the value of the CCHBC assets, if not in the ordinary course of business, unless such sale is in connection with a sale-leaseback transfer;

 

    appoint the top executive (managing director) of CCHBC; or

 

    approve the CCHBC annual budget and annual business plan.

 

Shareholder Approvals

 

The Kar-Tess Group and the Coca-Cola Company Entities have agreed to consult before every vote, and to vote against any proposal where either of them has indicated its intention to reject such proposal, on any of the following matters:

 

    a modification of the CCHBC articles of association;

 

    any increase or decrease of the CCHBC share capital;

 

    the merger or consolidation of CCHBC with or into another company;

 

    the liquidation or dissolution of CCHBC; or

 

    the general assignment for the benefit of creditors of, or the appointment of a custodian, receiver or trustee for, any part of the CCHBC assets.

 

The Kar-Tess Group and the Coca-Cola Company Entities also entered into a supplemental agreement on March 3, 2000, a copy of which is attached as Exhibit 3.2, to the Form 20-F filed by CCHBC with the SEC, providing that, notwithstanding the termination of the



CUSIP No. 1912EP104


 

13G

 

Page 11 of 21 Pages


 

 

    

Shareholders Agreement, for so long as any of the Kar-Tess Group or the Coca-Cola Company Entities is a shareholder in CCHBC, each of the Kar-Tess Group and the Coca-Cola Company Entities will vote their CCHBC Shares against any proposal to liquidate or dissolve CCHBC unless they have separately agreed to the contrary.

 

Termination

 

Neither the Kar-Tess Group nor the Coca-Cola Company Entities may unilaterally terminate the Shareholders Agreement prior to August 2005. After August 2005, the Shareholders agreement will remain in force unless terminated by either the Kar-Tess Group or the Coca-Cola Company Entities on three months’ written notice.

 

Mr. George A. David, Mr. Haralambos K. Leventis and Mr. Anastasios P. Leventis each expressly disclaim any beneficial ownership interest in CCHBC Shares owned by Kar-Tess Holding S.A., Socomex S.A., Severine Ltd. or Boval, S.A., and the filing of this Schedule 13G shall not be construed as an admission that they are the beneficial owners of CCHBC Shares owned by Kar-Tess Holding S.A., Socomex S.A., Severine Ltd. or Boval, S.A. The Reporting Persons each also expressly disclaim any beneficial ownership interest in CCHBC Shares owned by the Coca-Cola Company Entities and the filing of this Schedule 13G shall not be construed as an admission that they are the beneficial owners of the CCHBC Shares owned by the Coca-Cola Company Entities.

      

Item 2(b).


  

Address of Principal Business Office:

 

The principal business office of Kar-Tess Holding S.A. is 21, Boulevard de la Pétrusse, Boite Postale 436, L-2014 Luxembourg. The principal business office of Boval S.A., is 21, Boulevard de la Pétrusse, Boite Postale 436,
L-2014 Luxembourg. The principal business office of Severine Ltd. is Trust House, 112 Bonadie Street, Kingstown, St. Vincent. The principal business office of Socomex S.A. is 21, Boulevard de la Pétrusse, Boite Postale 436, L-2014 Luxembourg. The principal business office of George A. David is 9 Fragoklissias Str., 15 125 Maroussi, Athens, Greece. The principal business office of Anastasios P. Leventis is West Africa House, Hanger Lane, W5 3QR Ealing, London, England. The principal business office of Haralambos K. Leventis is West Africa House, Hanger Lane, W5 3QR Ealing, London, England.

      

Item 2(c).


  

Citizenship:

 

Kar-Tess S.A. – Luxembourg

Boval S.A. – Luxembourg

Socomex S.A. – Luxembourg

Severine Ltd. – Luxembourg

George A. David – United Kingdom

Anastasios P. Leventis – United Kingdom

Haralambos K. Leventis – United Kingdom

      

Item 2(d).


  

Title of Class of Securities:

 

Ordinary shares of nominal value of €0.31 per share. CCHBC Shares are traded in the United States in the form of American Depositary Shares (“ADSs”). Each ADS represents one ordinary share. The ADSs are evidenced by American Depositary Receipts, which are traded on The New York Stock Exchange.



CUSIP No. 1912EP104


 

13G

 

Page 12 of 21 Pages


 

 

Item 2(e).

  

CCHBC Shares have the following CUSIP Number 1912EP104.

      

Item 3

  

Not  applicable.

      

Item 4(a).














  

Amount Beneficially Owned:

 

As of December 31, 2002, Kar-Tess Holding S.A. may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

 

As of December 31, 2002, Boval S.A. may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

 

As of December 31, 2002, Socomex S.A. may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

 

As of December 31, 2002, Severine Ltd. may be deemed the beneficial owner of 94,188,620 shares of CCHBC Shares.

 

As of December 31, 2002, George A. David may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

 

As of December 31, 2002, Anastasios P. Leventis may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

 

As of December 31, 2002, Haralambos K. Leventis may be deemed the beneficial owner of 150,932,741 shares of CCHBC Shares.

      

Item 4(b).




  

Percent of Class:

 

The Reporting Persons, with the exception of Severine Ltd., may be deemed to beneficially own approximately 63.8% of the total outstanding number of CCHBC Shares. Severine Ltd. may be deemed to beneficially own approximately 39.8% of the total outstanding number of CCHBC Shares.

 

Mr. George A. David, Mr. Haralambos K. Leventis and Mr. Anastasios P. Leventis each expressly disclaim any beneficial ownership interest in CCHBC Shares owned by Kar-Tess Holding S.A., Socomex S.A., Severine Ltd. or Boval, S.A., and the filing of this Schedule 13G shall not be construed as an admission that they are the beneficial owners of CCHBC Shares owned by Kar-Tess Holding S.A., Socomex S.A., Severine Ltd. or Boval, S.A. The Reporting Persons each also expressly disclaim any beneficial ownership interest in CCHBC Shares owned by the Coca-Cola Company Entities and the filing of this Schedule 13G shall not be construed as an admission that they are the beneficial owners of the CCHBC Shares owned by the Coca-Cola Company Entities.

      

Item 4(c).


  

Number of shares as to which Kar-Tess Holding S.A. has:

 

(i)     sole power to vote or direct the vote: 0

(ii)    shared power to vote or to direct the vote: 150,932,741

(iii)  the sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

 



CUSIP No. 1912EP104


 

13G

 

Page 13 of 21 Pages


 

 

    

Number of shares as to which Boval S.A. has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 150,932,741

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

 

Number of shares as to which Socomex S.A. has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 150,932,741

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

 

Number of shares as to which Severine Ltd. has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 94,191,355

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 94,080,799

 

Number of shares as to which George A. David has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 150,932,741

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

 

Number of shares as to which Anastasios P. Leventis has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 150,932,741

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

 

Number of shares as to which Haralambos K. Leventis has:

 

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or to direct the vote: 150,932,741

(iii) sole power to dispose of or to direct the disposition of: 0

(iv) shared power to dispose of or to direct the disposition of: 150,932,741

      

Item 5.


  

Ownership of Five Percent or Less of a Class:

 

Not applicable.

      

Item 6.


  

Ownership of More than Five Percent on Behalf of Another Person:

 

No other person is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of CCHBC Shares covered by this Schedule 13G.



CUSIP No. 1912EP104


 

13G

 

Page 14 of 21 Pages


 

 

Item 7.


  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

 

Not applicable.

      

Item 8.


  

Identification and Classification of Members of the Group:

 

The Reporting Persons may be deemed to be a part of a group of persons, listed on Exhibit 3, jointly holding beneficial ownership of CCHBC Shares. The Reporting Persons are not responsible for the completeness and accuracy of the information concerning the Coca-Cola Company Entities.

Item 9.


  

Notice of Dissolution of the Group:

 

Not Applicable.



CUSIP No. 1912EP104


 

13G

 

Page 15 of 21 Pages


 

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

 

 

Date: February 10, 2003

 

KAR-TESS HOLDING S.A.

 

 

   

By

 

/S/    GEORGE A. DAVID


       

Name:    George A. David

Title:      Director

 

 

Date: February 12, 2003

 

By

 

/S/    ANASTASIOS P. LEVENTIS


       

Name:    Anastasios P. Leventis

Title:      Director

 

Date: February 10, 2003

 

SOCOMEX S.A.

 

 

   

By

 

/S/    P.K. OESCH


       

Name:    P.K. Oesch

Title:      Director

   

By

 

/S/    E. WICKIHALDER


       

Name:    E. Wickihalder

Title:      Authorized Signatory

 

Date: February 10, 2003

 

BOVAL S.A.

 

 

   

By

 

/S/    P.K. OESCH


       

Name:    P.K. Oesch

Title:      Director

   

By

 

/S/    E. WICKIHALDER


       

Name:    E. Wickihalder

Title:      Authorized Signatory

 

Date: February 7, 2003

 

SEVERINE LTD.

 

 

   

By

 

/s/    RYAN RUDOLPH


       

Name:    Ryan Rudolph

Title:      Director

 

Date: February 10, 2003

 

/S/    GEORGE A. DAVID


       

George A. David

 

Date: February 12, 2003

 

/S/    ANASTASIOS P. LEVENTIS


       

  Anastasios P. Leventis

 

 

Date: February 12, 2003

 

/s/    HARALAMBOS K. LEVENTIS


       

Haralambos K. Leventis



CUSIP No. 1912EP104


 

13G

 

Page 16 of 21 Pages


 

 

Exhibit Index

 

Exhibit 1

  

Joint Filing Agreement, dated February 12, 2003, by and among Kar-Tess Holding S.A., Boval S.A., Severine Ltd., Socomex S.A., George A. David, Anastasios P. Leventis and Haralambos K. Leventis.

Exhibit 2

  

Power of Attorney, dated February 12, 2003, by and among Kar-Tess Holding S.A., Boval S.A., Severine Ltd., Socomex S.A., George A. David, Anastasios P. Leventis and Haralambos K. Leventis.

Exhibit 3

  

List of Group Members provided in response to Item 8 of this Schedule 13G.