Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners Plc (now Coca-Cola Europacific Partners Plc) dated March 5, 2019, serves as a notification of major holdings. The filing discloses a change in the breakdown of voting rights triggered by an acquisition or disposal event.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory notification regarding share ownership and does not contain financial performance data.
Material Changes
The material change reported is the crossing of a voting rights threshold by Olive Partners, S.A. on March 1, 2019. The specific details are:
- Shareholder: Olive Partners, S.A. (Madrid, Spain).
- Total Voting Rights: 35.03% of the issuer's total voting rights.
- Share Count: 166,128,987 Ordinary shares (ISIN: GB00BDCPN049).
- Instrument Type: Direct holding of voting rights attached to shares; no financial instruments were reported.
- Previous Position: Not applicable (N/A) as per the notification.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, guidance, outlook, or discussion of risks and contingencies. It is a standard statutory notification form (TR-1) submitted to the Financial Conduct Authority (FCA) and the issuer.
Investor Verification Checklist
- Verify the total number of voting rights outstanding for Coca-Cola European Partners Plc to confirm the 35.03% stake calculation.
- Confirm the ownership chain: Cobega, S.A. holds 19.50% and Cobega Invest, S.L.U. holds 19.50%, with Cobega Invest being a wholly owned subsidiary of Cobega S.A. and holding approximately 55.69% of Olive Partners S.A.
- Check subsequent filings to determine if this 35.03% stake was increased, decreased, or maintained in the following reporting periods.
- Review the company's annual report (Form 20-F) for the corresponding period to assess the financial impact of this major shareholder's presence.