ESSENTIAL FACT
COMPANY NAME: EMBOTELLADORA ANDINA S.A.
SECURITIES REGISTRATION: 00124
UK: 91.144.000-8
By virtue of the provisions of art. 9 and paragraph 2 of Art. 10 of Law No. 18,045, and the provisions of Section II of General Standard No. 30 of the Commission for the Financial Market, being duly empowered for this purpose by the Board of Directors, I have communicated the following with respect to the company Embotelladora Andina S.A. (the “Company” or the “Company”), its business, of their publicly offered securities or the offer thereof, as a material fact:
At the Ordinary Shareholders’ Meeting of Embotelladora Andina S.A., held on April 13, 2022, it was agreed, among other matters, the following:
1. Approve the Annual Report, the Statements of Financial Position and the Financial Statements corresponding to the Fiscal Year 2021, as well as the Report of the Company’s External Auditors regarding the aforementioned Financial Statements.
2. Approve the distribution of profits and the distribution of dividends.
3. Approve the statement regarding the Company’s dividend policy and information on the procedures used in the distribution and payment thereof.
4. To approve the remuneration of the directors, the members of the Ethics Committee, the Executive Committee, the Directors’ Committee established in Article 50 bis of the Law on Corporations and the members of the Audit Committee required by the Sarbanes-Oxley Act of the United States, the determination of its operating budget; as well as its annual management report and the report of the expenses incurred.
5. To appoint the company PricewaterhouseCoopers Consultores Auditores SpA as External Auditors for the Fiscal Year 2022.
6. To designate the following companies as the Company’s Risk Rating Agencies for the year 2022: Fitch Chile Clasificadora de Riesgo Limitada and International Credit Rating Clasificadora de Riesgo Limitada, as local classifiers; and Fitch Ratings, Inc. and S&P Global Ratings, as the Company’s international risk classifiers.
7. To approve the account on resolutions of the Board of Directors relating to operations referred to in Article 146 et seq. of Law No. 18,046 on Corporations, subsequent to the last shareholders’ meeting; and
8. Designate the Financial Journal as the newspaper where notices and calls to Meetings must be published.
Within number 2 above, the Board agreed to ratify the provisional dividends paid against the profits of the Fiscal Year 2021, and to approve the distribution and distribution of a Mixed Dividend No. 221, payable in pesos, national currency, amounting to $189 (one hundred and eighty-nine pesos) for each share of Series A and $207.9 (two hundred and seven point nine pesos) for each share of Series B.
Mixed Dividend No. 221 considers:
(i) a definitive, additional dividend amounting to $29 (twenty-nine pesos) for each Series A share and $31.9 (thirty-one point nine pesos) for each Series B share, to be paid from a portion of the balance of profits for Fiscal Year 2021; and
(ii) a definitive, eventual dividend amounting to $160 (one hundred and sixty pesos) for each Series A share and $176 (one hundred and seventy-six pesos) for each Series B share, to be paid from a portion of the Company’s accumulated earnings account.
This dividend will be paid as of April 26, 2022, in favor of shareholders who are registered in the Shareholders’ Registry at midnight on April 20, 2022.
Santiago, April 13, 2022.
Jaime Cohen Arancibia
Corporate Legal Manager
Embotelladora Andina S.A.
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=0167654cfbabf65a3f1687a7a76e0eeaVFdwQmVVMXFRVEJOUkVVd1RsUkZkMDUzUFQwPQ==&secuencia=-1&t=1682376108
