Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners Plc covers the period from March 1, 2020, to March 31, 2020. The report serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMR) and persons closely associated with them, as required by the FCA's Disclosure Guidance and Transparency Rules. It also discloses the total voting rights and share capital as of March 31, 2020.
Key Financial Metrics
The filing text does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a regulatory disclosure of insider transactions and capital structure.
| Metric | Value |
|---|---|
| Total Ordinary Shares in Issue | 454,323,215 |
| Share Par Value | €0.01 |
| Total Voting Rights | 454,323,215 |
| Treasury Shares | 0 |
Material Changes and Insider Transactions
The filing details several types of transactions involving company executives during March 2020:
- Performance Share Unit (PSU) Grants: On March 17, 2020, multiple executives received target awards of PSUs under the Long-Term Incentive Plan 2016. These awards were granted at a price of $0 and vest on March 17, 2023, subject to performance conditions.
- Damian Gammell (CEO): 78,132 shares
- Manik Jhangiani (CFO): 32,673 shares
- Clare Wardle (General Counsel): 10,626 shares
- José Antonio Echeverría (CCSO): 8,494 shares
- Peter Brickley (CIO): 9,660 shares
- Lauren Sayeski (CPACO): 8,636 shares
- Victor Rufart (CSO): 7,661 shares
- Nicholas Wall (CPCO): 10,370 shares
- Leendert den Hollander (GM Great Britain): 12,297 shares
- Frank Molthan (GM Germany): 9,542 shares
- Stephen Moorhouse (GM Northern Europe): 9,148 shares
- Share Acquisitions:
- Victor Rufart: Acquired 5,000 shares on March 18, 2020, at €29.4548 per share on Euronext Amsterdam.
- Multiple Executives: On March 19, 2020, six executives (including the CFO and General Counsel) acquired approximately 10.53 shares each pursuant to the UK Share Plan on the NYSE. The weighted average price was approximately $16.50 per share.
- José Antonio Echeverría: Acquired 300 shares on March 24, 2020, at €29.20 per share in Madrid.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risk factors, or contingencies. It is a compliance filing focused solely on reporting specific insider trading activities and capital data.
Key Facts for Investor Verification
- Verify the total share count of 454,323,215 as the denominator for calculating ownership thresholds under FCA rules.
- Note that the PSU grants made on March 17, 2020, are contingent on performance and vesting in March 2023.
- Confirm that no treasury shares were held as of March 31, 2020.
- Review the specific acquisition prices (ranging from €29.20 to €29.45 and ~$16.50) to understand the market valuation context for insiders during the reporting period.