Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 138

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 8
Chunk 138
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 to Chilean law, we must distribute cash dividends equal to at least 30% of our annual net income, calculated in accordance with IFRS. If we do not record any net income in a given year, we are not legally required to distribute dividends from accumulated earnings. At the general shareholders’ meeting to be held on April 15, 2025, we expect our shareholders to approve a distribution of dividends. 
During 2022, 2023 and 2024, our respective general shareholders’ meetings approved additional dividend payments to be paid from retained earnings, given our significant cash generation. These additional dividend payments for 2022, 2023 and 2024 are not indicative of whether or not additional dividend payments will be made in any future period.
The following table sets forth the amount in Chilean pesos of dividends declared and paid per share each year and the U.S. dollar amounts paid to shareholders (each ADR represents six shares), on each of the respective payment dates:

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         ​   ​              ​    ​                       ​   ​        Aggregate Amount     ​               ​                     ​    ​               ​     ​               ​
  Dividend   ​              ​    ​        Fiscal year with   ​   of Dividends Declared     ​               ​     ​               ​    ​               ​     ​               ​
  Approval   ​       Dividend    ​        respect to which   ​                and Paid     ​                              Series A    ​                              Series B
      Date       payment Date        dividend was declared              (Ch$ millions)         Ch$ per share         US$ per share        Ch$ per share         US$ per share
12-19-2024         01-31-2025                         2024                      14,014                141.00     ​         0.14229    ​          155.10               0.15652
09-25-2024         10-25-2024                         2024                      31,805                 32.00     ​         0.03385    ​           35.20               0.03724
07-31-2024         08-14-2024                         2024                      31,805                 32.00     ​         0.03432    ​           35.