July 29, 2014 3:24 PM ET

Beverages

Company Overview of Cosmos Bottling Corp.

Company Overview

Cosmos Bottling Corporation engages in the manufacture, marketing, and distribution of non-alcoholic beverages, primarily soft drinks in the Philippines. The company sells its soft drinks under the Pop Cola, Sarsi, Cheers Lemon and Orange, Jaz Cola, and Sparkle brand names. Cosmos Bottling Corporation is based in Manila, the Philippines. Cosmos Bottling Corporation is a subsidiary of Philippine Bottlers, Inc.

Net Lima Building

27th Floor

5th Avenue Corner, 26th Street

Bonifacio Global City

Taguig,  1634

Philippines

Phone:

63 2 866 2160

Key Executives for Cosmos Bottling Corp.

Acting Chief Executive Officer
Age: 53
Acting Chief Financial Officer
Vice President and Director of National Sales & Marketing
Age: 58
Principal Accounting Officer and Controller
Age: 62
Corporate Information Officer
Compensation as of Fiscal Year 2014.

Cosmos Bottling Corp. Key Developments

Cosmos Bottling Corp. To Voluntarily Delist From Philippine Stock Exchange

Cosmos Bottling Corp. will no longer be traded in the Philippine Stock Exchange (PSE) starting in June. The company behind brands Pop Cola and Sarsi failed to jack up its public ownership level, forcing it to submit a petition for voluntary delisting. Cosmos said it respectfully petition the PSE to issue an order delisting the shares of Cosmos from the PSE effective on June 21, 2013. Cosmos said it is exiting the local bourse, since the public ownership of Cosmos falls below the minimum prescribed by the PSE. Cosmos principal stockholder and Coca-Cola Bottlers Philippines Inc. (CCBPI) wholly-owned subsidiary Philippine Bottlers Inc. (PBI) will buy back the 16.15 million shares held by the public at PHP 1.758 per share for a total transaction value of PHP 28.39 million. Shares of Cosmos were last traded on May 23, 2006 at PHP 3 each. Its stocks were suspended from trading after the company failed to submit its 2005 annual report. As of end-February, only 1.79% of Cosmos’ shares were held by the public, way below the 10% minimum public float requirement of the PSE. Cosmos said the tender offer started on April 17 and will end on May 17.

Cosmos Bottling Corp., Board Meeting, Apr 12, 2013

Cosmos Bottling Corp., Board Meeting, Apr 12, 2013. Agenda: To consider the executive changes; and to consider the postponement of 2013 annual stockholders meeting.

Cosmos Bottling Corporation Announces Executive Changes

Cosmos Bottling Corporation announced that at the board meeting held on April 15, 2013, the board appointed Lauro Cruz as Acting chief financial officer of the corporation, to fill in the vacancy created by the resignation of Francisco del Mundo effective on January 25, 2013. On the same meeting, William Schultz was designated as Acting Chief Executive Officer vice Juan Ramon Felix Castaneda. Mr. Felix remains to be the Chairman of the Board of Directors of the Corporation, Mr. Cruz is currently the Corporate Finance & Planning Manager of Coca-Cola Bottlers Philippines Inc. Mr. Schultz was the CEO prior to being appointed as Philippines Operations Director of CCBPI.

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