Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners plc covers the period from February 1, 2021, to February 28, 2021. The report was filed on March 1, 2021, to comply with the FCA's Disclosure Guidance and Transparency Rules (DTR) and Rule 13a-16 of the Securities Exchange Act of 1934. The filing primarily discloses transactions by Persons Discharging Managerial Responsibilities (PDMRs) and updates on total voting rights and share capital.
Key Financial Metrics
The filing text does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a regulatory disclosure of corporate governance events rather than a financial results report.
Material Changes and Corporate Actions
PDMR Share Transactions
On February 19, 2021, five senior executives acquired shares pursuant to the UK Share Plan. All transactions occurred on the New York Stock Exchange (XNYS) at a price of USD $52.917429 per share.
- Manik Jhangiani (Chief Financial Officer): Acquired 3.938131 Ordinary Shares.
- Clare Wardle (General Counsel and Company Secretary): Acquired 3.938131 Ordinary Shares.
- Peter Brickley (Chief Information Officer): Acquired 3.938131 Ordinary Shares.
- Leendert den Hollander (General Manager, Northern Europe): Acquired 3.938131 Ordinary Shares.
- Stephen Moorhouse (General Manager, Great Britain): Acquired 3.938131 Ordinary Shares.
For each executive, the aggregated transaction value was USD $208.395766.
Share Capital Update
As of February 28, 2021:
- Total Ordinary Shares in Issue: 454,973,601 (nominal value €0.01 each).
- Total Voting Rights: 454,973,601 (one vote per share).
- Treasury Shares: None.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risk factors, or details on contingencies and unusual items.
Investor Verification Checklist
- Verify the total share count of 454,973,601 against the company's latest annual report (Form 20-F) to confirm no other issuances or buybacks occurred outside this filing.
- Confirm the specific terms of the "UK Share Plan" referenced in the PDMR transactions to understand vesting schedules and performance conditions.
- Review the company's most recent quarterly or annual financial report for actual revenue, profit, and cash flow data, as this Form 6-K contains none.
- Monitor subsequent filings for any changes in the total voting rights denominator, which is critical for calculating shareholder notification thresholds under DTR 5.6.