Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners plc covers the period from September 1, 2018, to September 30, 2018, with the report filed on October 2, 2018. The document serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and provides an update on the company's total voting rights and share capital as of September 30, 2018.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is strictly a regulatory disclosure regarding share transactions and capital structure.
- Share Capital: 484,485,435 ordinary shares of €0.01 each in issue as of September 30, 2018.
- Voting Rights: 484,485,435 total voting rights (one vote per share).
- Treasury Shares: None held.
Material Changes
The filing details specific share acquisitions by PDMRs during the reporting period:
- L. Phillip Humann (Independent Non-Executive Director): Acquired 364.55 ordinary shares on September 6, 2018, via an automatic dividend reinvestment transaction at a price of $42.19 per share.
- Multiple Executives: The following individuals each acquired 8.22 ordinary shares on September 11, 2018, pursuant to the UK Employee Share Plan:
- Manik Jhangiani (Chief Financial Officer)
- Ron Lewis (Chief Supply Chain Officer)
- Clare Wardle (General Counsel & Company Secretary)
- Peter Brickley (Chief Information Officer)
- Nick Wall (Chief Human Resources Officer)
- Stephen Moorhouse (General Manager, Northern Europe)
- Leendert den Hollander (General Manager, Great Britain)
- Transaction Pricing: The Employee Share Plan acquisitions involved a mix of paid shares at $42.98 and free shares at $0.00, resulting in an aggregated average price of approximately $23.44 per share for these specific transactions.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is limited to statutory notifications required under the FCA's Disclosure Guidance and Transparency Rules.
Investor Verification Checklist
- Verify the total number of outstanding shares (484,485,435) against the company's latest annual report to confirm no other issuances or buybacks occurred outside this filing.
- Confirm the details of the UK Employee Share Plan to understand the vesting terms and conditions attached to the shares acquired by the listed executives.
- Review the dividend reinvestment plan terms to validate the share count and price for L. Phillip Humann's transaction.
- Check subsequent filings for any changes in the total voting rights denominator used for calculating shareholder notification thresholds.