Business Context and Reporting Period
This Form 6-K filing by Coca-Cola European Partners Plc covers the period from May 1, 2018, to May 31, 2018. The report 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 May 31, 2018.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a regulatory disclosure regarding insider trading and share capital structure.
- Share Capital: 485,880,011 ordinary shares of €0.01 each.
- Total Voting Rights: 485,880,011 (one vote per share).
- Treasury Shares: None held as of May 31, 2018.
Material Changes and Insider Transactions
The filing details several PDMR transactions executed in May 2018:
- Ron Lewis (Chief Supply Chain Officer):
- May 1: Acquired 15,200 Ordinary Shares via RSU vesting at $0 cost.
- May 2: Sold 4,805 shares on a non-discretionary basis to fund tax liabilities at an aggregated price of approximately $38.50 per share.
- May 23: Transferred 10,395 shares to a joint brokerage account with nil consideration.
- Multiple Executives (May 11):
- Manik Jhangiani (CFO), Ron Lewis, Clare Wardle (General Counsel), Peter Brickley (CIO), Nick Wall (CHRO), Stephen Moorhouse (GM Northern Europe), and Leendert den Hollander (GM Great Britain) each acquired approximately 9.1 to 9.5 Ordinary Shares pursuant to the UK Employee Share Plan.
- These acquisitions involved a mix of paid shares (at ~$38.65) and free shares, resulting in an aggregated price per share ranging between $20.31 and $21.08.
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 Market Abuse Regulation (MAR) and the FCA's Disclosure Guidance and Transparency Rules.
Key Facts for Investor Verification
- Verify the total outstanding share count of 485,880,011 for accurate ownership percentage calculations.
- Note that Ron Lewis sold shares immediately following vesting to cover tax obligations, a standard non-discretionary transaction.
- Confirm that no treasury shares were held by the company as of the reporting date.
- Recognize that this filing contains no operational or financial performance metrics for the period.