Director dealings: Coca-Cola man cans £1.2m of shares

Jan Gustavsson, general counsel and company secretary of beverage bottler Coca-Cola HBC, has disposed of more than £1.2m of shares.

Gustavsson offloaded a total of 49,066 ordinary shares with a price tag of 2,465p each, pocketing £1,209,476.90 for his troubles.

Coca-Cola said the sale was due to an upcoming expiration of the share options.

The drinks maker posted quarterly profits and sales that beat expectations last week, saying it had sold more teas, coffees and vitamin water which offset sluggish sales of carbonated beverages.

For the fourth quarter, Coke took a $3.6bn charge related to the new US tax law, bringing the firm to a net loss compared to the profit posted twelve months prior.

As of 1450 GMT, shares had fallen back 0.12% to 2,461.00p

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Top Director Sells

Coca-cola Hbc Ag (cdi) (CCH)
Director name: GUSTAVSSON,JAN
Amount sold: 49,066 @ 2,465.00p
Value: £1,209,476.88