Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners plc covers the period from March 1, 2019, to March 31, 2019, with the report filed on April 1, 2019. 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 March 31, 2019.
Key Financial Metrics
The filing text does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a regulatory disclosure regarding executive share transactions and capital structure.
Share Capital Data (as of March 31, 2019):
- Ordinary Shares in Issue: 472,429,792
- Par Value: €0.01 per share
- Total Voting Rights: 472,429,792
- Treasury Shares: None
Material Changes and Executive Transactions
The filing details two types of transactions involving PDMRs during the reporting period:
1. Performance Share Unit (PSU) Grants (March 1, 2019)
Under the Long-Term Incentive Plan 2016, target awards of PSUs were granted to 13 executives. These awards are subject to performance conditions and vesting on March 1, 2022. The grants were made at a price of $0 per share.
| Executive Name | Position | PSU Volume |
|---|---|---|
| Damian Gammell | Chief Executive Officer | 78,004 |
| Manik Jhangiani | Chief Financial Officer | 32,620 |
| Ronald Lewis | Chief Supply Chain Officer | 21,160 |
| Clare Wardle | General Counsel & Company Secretary | 10,608 |
| Lauren Sayeski | Chief Public Affairs & Communications Officer | 8,846 |
| Peter Brickley | Chief Information Officer | 9,644 |
| Nicholas Wall | Chief Human Resources Officer | 10,353 |
| Victor Rufart | Chief Strategy Officer | 7,852 |
| Frank Molthan | General Manager, Germany | 9,788 |
| Stephen Moorhouse | General Manager, Northern Europe | 9,133 |
| Ben Lambrecht | General Manager, France | 9,351 |
| Leendert den Hollander | General Manager, Great Britain | 12,277 |
2. Employee Share Plan Acquisitions (March 11, 2019)
Two executives acquired shares pursuant to the UK Employee Share Plan on the New York Stock Exchange.
- Stephen Moorhouse: Acquired 7.330248 shares (Aggregated Price: $26.59/share).
- Leendert den Hollander: Acquired 7.330248 shares (Aggregated Price: $26.59/share).
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risk factors, or contingencies. The document is limited to statutory notifications of share transactions and capital updates.
Key Facts for Investor Verification
- Capital Structure: Verify the total share count of 472,429,792 as the denominator for calculating shareholder notification thresholds under FCA rules.
- Executive Compensation: Note the significant PSU grants to the CEO (78,004 units) and CFO (32,620 units) with a 3-year vesting period ending March 2022.
- Market Activity: Confirm the share price context for the March 11, 2019 acquisitions, where the aggregated price was approximately $26.59 per share.
- Reporting Scope: Acknowledge that this filing contains no operational or financial performance data for Q1 2019.