SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 1997
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in its charter)
Delaware 01-09300 58-0503352
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
2500 Windy Ridge Parkway, Atlanta, Georgia 30339
(Address of principal executive offices, including zip code)
(770) 989-3000
(Registrant's telephone number, including area code)
Page 1 of 5 pages
Exhibit Index page 4
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Item 5. Other Events
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On February 18, 1997, Coca-Cola Enterprises Inc. (the "Company")
issued a press release announcing a proposal for a 3-for-1 stock
split of the Company's common shares. The stock split will be
subject to share-owner approval at the Company's Annual Meeting
on April 21, 1997.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99 Press Release of Coca-Cola Enterprises Inc. issued
February 18, 1997.
Page 2 of 5 pages
<PAGE>
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COCA-COLA ENTERPRISES INC.
(Registrant)
LOWRY F. KLINE
Date: February 26, 1997 By:-----------------------------------
Lowry F. Kline
Senior Vice President and
General Counsel
Page 3 of 5 pages
<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
99 Press release of Coca-Cola Enterprises Inc. 5
issued February 18, 1997
Page 4 of 5 pages
<PAGE>
Exhibit 99
COCA-COLA ENTERPRISES INC. PRESS RELEASE
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CONTACT: Laura Asman - Media Relations
(770) 989-3023
Margaret Carton - Investor Relations
(770) 989-3622
FOR IMMEDIATE RELEASE
COCA-COLA ENTERPRISES INC. BOARD OF DIRECTORS
APPROVES 3-FOR-1 STOCK SPLIT
ATLANTA, February 18, 1997 -- The Coca-Cola Enterprises
Board of Directors today approved a proposal for a 3-for-1
stock split of the Company's common shares. The stock split
recommendation follows a stock price appreciation of more
than 20 percent so far in 1997, 80 percent in 1996, and
49 percent in 1995. The stock split will be subject to
share-owner approval at the Company's Annual Meeting on
April 21, 1997. If approved, the stock split will be
effective for share owners of record on May 1, 1997. As of
January 24, 1997, Coca-Cola Enterprises had approximately
125.7 million common shares outstanding. In order to effect
the 3-for-1 stock split, the Board has also recommended an
increase in the Company's authorized common shares from 500
million to 1 billion.
The Company's Board of Directors typically reviews and
determines the payment of dividends on a quarterly basis.
Dividend declaration is entirely at the discretion of the
Board of Directors. If the stock split is approved by share
owners, the Board has indicated that it intends to maintain
the Company's current quarterly dividend of 2.5 cents per
common share, which is equivalent to an annual dividend of
10 cents per share. Maintaining the Company's current
dividend rate will have the effect of tripling the Company's
dividend payout.
Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's
largest bottler of liquid nonalcoholic refreshment,
distributing more than 58 percent of The Coca-Cola Company's
United States bottle and can volume. Coca-Cola Enterprises
is also the sole licensed bottler for products of The
Coca-Cola Company in Belgium, Great Britain, the
Netherlands, and most of France.
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