Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners plc covers the period from August 1 to August 31, 2019, with the report filed on September 3, 2019. The document serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMR) and provides an update on the company's total voting rights and share capital as of August 31, 2019.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is strictly a regulatory disclosure regarding share transactions and capital structure.
- Ordinary Shares in Issue: 462,635,083 (as of August 31, 2019)
- Share Par Value: €0.01 per share
- Total Voting Rights: 462,635,083
- Treasury Shares: None
Material Changes and Share Transactions
The filing details several share transactions by PDMR and persons closely associated with them (PCA) during August 2019. These transactions fall into two categories: acquisitions under the UK Employee Share Plan and administrative transfers between brokerage accounts.
Acquisitions (Employee Share Plan)
- Stephen Moorhouse (General Manager, Northern Europe): Acquired 5.875179 shares on August 9, 2019. Aggregated price: $30.46 per share.
- Leendert den Hollander (General Manager, Great Britain): Acquired 5.875179 shares on August 9, 2019. Aggregated price: $30.46 per share.
Administrative Transfers (Nil Consideration)
The following executives transferred shares between brokerage accounts due to a change in share plan administrator. All transfers were for $0.00 consideration:
- Damian Gammell (CEO): 85,675 shares transferred on August 9, 2019.
- Manik Jhangiani (CFO): 52,322 shares transferred on August 8, 2019.
- Nicholas Wall (Chief Human Resources Officer): 5,171 shares transferred on August 13, 2019.
- Stephen Moorhouse: 18,428 shares transferred on August 12, 2019.
- Leendert den Hollander: 20,790 shares transferred on August 9, 2019.
- Lauren Sayeski (Chief Public Affairs and Communications Officer): 12,810 shares transferred on August 9, 2019.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risk factors, or contingencies. It is a compliance document required under the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6).
Investor Verification Checklist
- Verify the total number of voting rights (462,635,083) for calculating notification thresholds under FCA rules.
- Confirm that the administrative share transfers listed were non-monetary and solely due to a change in share plan administrator.
- Note that the small acquisitions by Moorhouse and den Hollander were executed via the UK Employee Share Plan at an aggregated price of approximately $30.46 per share.
- Confirm that no treasury shares were held as of August 31, 2019.