Investor Relations

Dividend Reinvestment and Cash Investment Plan

Coca-Cola Enterprises has developed this section to answer frequently asked questions about the Dividend Reinvestment and Cash Investment Plan and to provide a resource for future reference.


Principal Features of the Plan
How to Enroll in the Plan
How to Complete the Enrollment Authorization Form
How to Purchase Additional Shares
Fees for Purchasing Additional Shares
Prices and Timing of Share Purchases
How to Sell Shares
Fees for Selling Shares
Safekeeping Stock Certificates
Account Statements
Income Tax Treatment
Changing Dividend Elections
Terms and Conditions

Principal Features of the PlanBack to top

Investors who are interested in purchasing stock in Coca-Cola Enterprises Inc. (the "company") must purchase their initial shares (a minimum of one share) through a bank or broker and register the shares in their name. The company does not currently sell initial shares directly to the public.

Coca-Cola Enterprises offers a Dividend Reinvestment and Cash Investment Plan to all registered shareowners. The Plan is an economical and efficient means of reinvesting dividends and purchasing additional shares.

Investors who hold their shares with a bank or broker in "street name" are not eligible to enroll in the company's Plan. A street name holder who wishes to enroll in the company's Plan should contact his/her bank or broker to request that the shares be registered in his/her name.

The Plan is administered by the company's stock transfer agent, American Stock Transfer & Trust Company ("AST"). Participation in the Plan is entirely voluntary, and shareowners may join or withdraw at any time.

Principal Features of the Plan include:

  • Reinvesting your dividends into whole and fractional shares of the company's common stock without paying fees or commissions,
  • Purchasing additional shares of the company's common stock (whole and fractional) on a daily basis. If utilizing ACH Debit, shares will be purchased on the 1st and/or 15th day of each month, without paying fees or commissions,
  • Safekeeping your physical stock certificate(s) by AST at no cost to you,
  • Receiving a statement after reinvestment of dividends and after every voluntary cash investment,
  • Selling all or partial Plan shares through AST with low commissions and fees,
  • Voting your proxy for all shares held for you by AST,
  • Changing your dividend election at any time. You may do so by completing and returning a new Enrollment Authorization Form to AST, who will continue to hold your shares in book-entry form.


Although it is the company's current intention to continue the Plan indefinitely, the company reserves the right to amend, suspend, or modify the Plan at any time.

How to Enroll in the PlanBack to top

Registered shareowners may enroll in the Plan by completing, signing, and mailing the Enrollment Authorization Form provided by AST. If you do not have the form furnished with this booklet, contact AST at 877-842-1616 or 718-921-8283 or go to AST's website at www.amstock.com. Registered shareowners may also enroll by calling the company's Shareowner Relations Department at 800-233-7210 or 770-989-3796 to request an Enrollment Authorization Form.

How to Complete the Enrollment Authorization FormBack to top

When completing the Enrollment Authorization Form, please select one of the three types of Plan accounts:


  1. Full Dividend Reinvestment:
    (Cash dividends on all shares are automatically reinvested.)
    • Place an "X" in box designating Full Dividend Reinvestment.
    • Sign and date the completed Enrollment Authorization Form.


  2. Partial Dividend Reinvestment:
    (Registered shareowners can reinvest all or part of the dividends.)
    • Place an "X" in box designating Partial Dividend Reinvestment.
    • Insert the number of shares on which cash dividends held in stock certificate form are to be reinvested. Cash dividends on all shares held by AST will be reinvested. Remaining dividends will be paid in cash.
    • Sign and date the completed Enrollment Authorization Form.


  3. Cash Payments Only (No Dividend Reinvestment):
    (All dividends will be paid in cash.)
    • Place an "X" in box designating Cash Payments Only (no dividend reinvestment).
    • Sign and date the completed Enrollment Authorization Form.
    • Mail the completed Enrollment Authorization Form in the pre-addressed blue envelope provided. If you do not have the return envelope, mail the completed Enrollment Authorization Form to:

      American Stock Transfer & Trust Company
      Dividend Reinvestment Department
      P. O. Box 922
      Wall Street Station
      New York, NY 10269-0560

Participation in the Plan is completely voluntary. If enrolled in the Plan, participation will begin with the next quarterly dividend payment date after receipt of the Enrollment Authorization Form, provided it is received on or before the record date of such dividend. If the Enrollment Authorization Form arrives at AST after the record date, participation will begin with the next quarterly dividend payment date. If a shareowner chooses to make voluntary cash payments only, participation will begin on the next investment date.

How to Purchase Additional SharesBack to top

After a shareowner has enrolled in the Plan, additional shares can be purchased daily by:

  1. Mailing a Check or Money Order:
    Send personal check or money order (minimum of $10, maximum of $100,000 per calendar year) to:
    American Stock Transfer & Trust Company
    Dividend Reinvestment Department
    P. O. Box 922
    Wall Street Station
    New York, NY 10269-0560

    Make check or money order payable to: American Stock Transfer - CCE - DRP
    Indicate on check or money order: Your account number
    After your check or money order has been received at AST, your investment will be made the next business day. The Plan Administrator may, at its discretion, invest funds less frequently if the total amount to be invested is low. However, funds will be invested no later than five trading days after receipt.

  2. Go to AST's website, www.amstock.com, click on "Shareholder Services," then click on "Account Access" and log on to your account. You may purchase shares by following several easy steps found on the AST website.

  3. ACH Debit from a checking or savings account on the 1st and/or 15th of each month:

    This feature enables a shareowner to have a set amount automatically deducted from a checking or savings account. The investment dates for funds withdrawn by ACH Debit are the 1st and/or 15th of each month. Funds are debited from the designated account three business days prior to the investment date. A shareowner may elect to invest by ACH Debit on either or both dates and, if both, the investment amounts need not be the same. Forms authorizing an ACH Debit are available by written request or by phone to AST at 877-842-1616 or 718-921-8283. There are no fees when utilizing ACH Debit.


Additional shares purchased through the Plan are electronically held in book-entry form by AST.

Fees for Purchasing Additional SharesBack to top

There are no fees charged to shareowners for purchasing additional shares through the Plan.

Since voluntary cash investments will usually be invested on the business day following receipt by AST, such voluntary cash investments may only be withdrawn if written notice is received by AST prior to its receipt of the applicable remittance.

Prices and Timing of Share PurchasesBack to top

AST will make every effort to purchase shares on the trading day following receipt of funds for investment, except where completion of the purchase at a later date is necessary under any applicable Securities law. In addition, the Plan Administrator may, at its discretion, invest funds less frequently if the amount to be invested is low. However, funds will be invested no later than five trading days after receipt. Shares are purchased for all participants, and each participant's price is the average price of all shares purchased. Purchases may occur on any exchange in which the common stock is traded, in the over-the-counter market, or in negotiated transactions. Participants do not have the right to specify the time or price at which their additional shares are purchased or the broker or dealer through or from whom purchases are made.

How to Sell SharesBack to top

Shareowners may at any time request the sale of all full and fractional shares or any number of full shares held by AST in their Plan account in one of four ways, as follows:

  1. Go to AST's website, www.amstock.com, click on "Shareholder Services," then click on "Account Access" and log on to your account. You may sell shares in two easy steps as indicated on the AST website.
  2. Call 877-842-1616 to access AST's automated telephone system and follow the instructions.
  3. Complete and sign the tear-off portion of your account statement and mail the instructions to AST.
  4. Send your sale order to AST by facsimile transmission to 718-234-1440. To be certain of AST's receipt of your transmission, you must call AST at 877-842-1616.

Sale orders placed before 5:00 p.m. Eastern time on a trading day under 1 and 2 above will be sold the following trading day. Sale orders placed under 3 and 4 above will be sold on the date of receipt if received prior to 12:00 noon Eastern time, or the following trading day if received after that time.

Fees for Selling SharesBack to top

When selling shares, shareowners will be charged a $10 processing fee, $0.10 per share commission, and any other applicable costs of sale. The proceeds from each sale, less applicable costs of sale, will be processed and mailed as promptly as possible after AST receives such sale request. The company and AST reserve the right to amend fees and commissions for the sale of Plan shares at any time.

Safekeeping Stock CertificatesBack to top

AST does offer safekeeping of stock certificates at no cost to the shareowner. Safekeeping enables each shareowner to send his/her physical stock certificate(s) to AST and have those shares held in book-entry form, eliminating the responsibility for loss, theft, or accidental destruction of certificates. Shares held in safekeeping at AST will be reflected on the shareowner's quarterly Dividend Reinvestment and Cash Investment Plan statement. Shareowners may request a certificate be issued at any time without charge.

AST provides insurance coverage on certificates mailed by shareowners to AST for safekeeping in Plan accounts. Shareowners of record must call AST at 800-418-4CCE (4223) or 718-921-8200 x6820 to request certificate mailing insurance.

Shareowners who have requested certificate-mailing insurance will be sent a manila, pre-addressed return envelope, which will insure certificate(s) for up to $25,000 (current market value), provided it is mailed first class. Please do not endorse any certificate(s) forwarded to AST for safekeeping. For information on mailing certificate(s) having a current market value in excess of $25,000, contact AST.

Shareowners will promptly receive a statement confirming each deposit of certificate(s) at AST. Shareowners must notify AST of any lost certificate claim within thirty (30) calendar days of the date the certificates were mailed. Insurance covers the replacement of the number of shares filed in any lost certificate claim up to the $25,000 value limit per envelope. Insurance does not reimburse a shareowner for any loss resulting from fluctuations in the stock price from the time the shareowner has mailed the certificates and receives a replacement certificate.

If a shareowner chooses not to use the manila, pre-addressed envelope provided by AST, certificates should be sent registered mail and insured for 2 percent of the then current market value, with a minimum of $30 of insurance. Please send insured certificates to:

American Stock Transfer & Trust Company Dividend Reinvestment Department
P. O. Box 922
Wall Street Station
New York, NY 10269-0560

Shareowners can designate all or a specified part of their cash dividends on shares held in stock certificate form and all of their cash dividends on shares held by AST to be reinvested, with the remaining cash dividends on shares held in stock certificate form to be received in check form or to have all cash dividends on their shares, whether held in stock certificate form or by AST, paid in cash.

Account StatementsBack to top

Detailed year-to-date account statements are sent to Plan participants after each quarterly dividend payment, generally in April, July, October, and December. The Plan statement reflects the amount of the dividend to which a shareowner is entitled, the number of whole and/or fractional shares purchased with dividends, the price paid per share, and the total shares held in the Plan account by AST. Each statement will have a detachable transaction form which should be used for mailing future voluntary cash investments.

When a shareowner makes a voluntary cash investment, the shareowner will receive a transaction advice reflecting the purchase.

Income Tax TreatmentBack to top

Even though your dividends will be reinvested, they are subject to income taxes as if they were paid to you in cash. In addition, the Internal Revenue Service has ruled that the amount of brokerage commissions paid by the company on your behalf is to be treated as a distribution to you which is subject to income tax in the same manner as your dividends. This amount is included in your cost basis of shares purchased when selling shares. A Form 1099-DIV will be sent to you and the Internal Revenue Service by AST at year end and will show the amount paid on your behalf.

Changing Dividend ElectionsBack to top

Shareowners may change dividend elections at any time by completing and returning a new Enrollment Authorization Form to AST. Unless instructed otherwise, AST will retain custody of all shares credited to the Plan account. To be effective for a given dividend payment, the new form must be received by AST before the record date for that dividend payment.

Terms and ConditionsBack to top

  1. As agent for the shareowner, American Stock Transfer & Trust Company ("AST"), in accordance with each shareowner's authorization, will:
    1. with respect to cash dividends, either: (i) Reinvest cash dividends payable on all or part of company common stock now or subsequently registered in the participant's name and on all shares held by AST for the participant's account, or (ii) Apply all or part of any cash dividends payable to the participant to the purchase of additional full and fractional shares; and
    2. apply all cash contributions ($10 minimum per investment date, $100,000 maximum per calendar year), including voluntary cash investments made daily and twice-monthly automatic deductions, received from a participant to the purchase of full and fractional shares of company common stock for the participant's account.

    The purchases, as described in (a) and (b) above, may be made on any securities exchange where such shares are traded, in the over-the-counter market, or by negotiated transactions and may be subject to such terms with respect to price, delivery, etc., as AST may agree. Neither the company nor any shareowner shall have any authority or power to direct the time or price at which shares may be purchased or the selection of the broker or dealer through or from whom purchases are to be made. Any voluntary cash investment will be refunded if the participant's written request for a refund is received by AST prior to receipt of check or money order. A participant will be charged a fee for returned checks and failed automatic deductions due to insufficient funds.

  2. Voluntary cash investments received at AST will be invested on the trading day after receipt of your check or money order. The Plan Administrator may, at its discretion, invest funds less frequently if the total amount to be invested is low. However, funds will be invested no later than five trading days after receipt. Any voluntary cash investment will be refunded if the participant's written request for a refund is received by AST prior to receipt of check or money order by AST. For the purpose of making such purchases, AST will commingle each participant's funds with those of all other holders of company common stock who are participants in the Plan.

  3. The price per share of common stock purchased for each participant's account shall be the average price of all such shares purchased for that investment. AST will hold the total shares of common stock purchased for all participants in the name of its nominee and will have no responsibility for the value of such shares after their purchase.

  4. A statement describing any voluntary cash payments, automatic monthly deductions, dividends reinvested, the number of shares of common stock purchased, the price per share, and the total shares of common stock accumulated for the participant under the Plan will be mailed to each participant by AST as soon as possible after completion of each investment for a participant's account.

  5. Participants may obtain, without charge, a certificate or certificates for all or part of the full shares of common stock credited to their account at any time by making a request in writing to AST. Participants who wish to do so may deposit with AST the Company common stock certificates registered in their names for credit as accrued shares held under the Plan. There is no charge for such deposits.

  6. Participation in the Plan (with respect to reinvested dividends) may be discontinued by a participant at any time by written instructions to that effect to AST. To be effective on any given dividend payment date, the notice to discontinue must be received by AST before the record date for that payment. If a notice to discontinue is received by AST on or after the record date for a dividend payment, such notice to discontinue may not become effective until such dividend has been reinvested and the shares purchased are credited to the participant's account under the Plan. AST, in its sole discretion, may either pay such dividend in cash or reinvest it in shares on behalf of such participant. If such dividend is reinvested, AST may sell the shares purchased and remit the proceeds to the participant, less any brokerage commissions, a liquidation fee, and any other costs of sale. AST may discontinue, for whatever reason at any time as it may determine in its sole discretion, a participant's participation in the Plan upon mailing a notice to the participant at his/her address as it appears on AST's records. The company reserves the right to amend, suspend, modify, or terminate the Plan at any time.

    When participation in the Plan is discontinued, AST will continue to hold the participant's shares in book-entry form, unless the participant requests a certificate for the full shares of the company common stock credited to his/her account. All or part of such shares held by AST may be sold at any time upon notification by the participant to AST.

    Such sale may, but need not, be made by purchase of the shares for the account of other participants, and any such transaction shall be deemed to have been made at the then current market price, less any brokerage commissions, a liquidation fee, and any other costs of sale. Fractional shares credited to any account that has discontinued participation will be paid for in cash at the then current market price, less any brokerage commissions, a liquidation fee, if applicable, and any other costs of sale.

    AST will make every effort to process all sale orders on the day it receives instruction, provided that instruction is received before 12:00 noon Eastern time on a business day when AST and the relevant securities market are open.

  7. A participant will have the sole right to vote all shares which are held by AST under the Plan on the record date for a vote. Proxies with respect to the voting of shares of the Company's common stock sent to a participant by AST, as transfer agent, will include the number of shares held for the participant under the Plan. Dividends paid on the accumulated shares, and the amount of brokerage commissions paid on the behalf of the participant by the company, will be included in the Form 1099-DIV information supplied to the Internal Revenue Service, and only one Form 1099-DIV will be sent to each participant.

  8. Any stock dividends or split shares of the company's common stock distributed on both shares held by AST for the participant under the Plan and shares held by a participant in stock certificate form will be credited to the participant's account. In the event the company makes available to its shareowners rights to subscribe to additional shares, debentures, or other securities, the full shares held for a participant under the Plan will be added to the shares held by the participant in calculating the number of rights to be issued to such participant.

  9. AST shall not be liable under the Plan for any act done by AST in good faith or for any good faith omission to act, including, without limitation, any claims for liability (a) arising out of failure to terminate a participant's enrollment in the Plan upon the participant's death prior to receipt of notice in writing of such death and (b) with respect to the price at which shares are purchased or sold for the participant's account and the time such purchases or sales are made.

  10. The Internal Revenue Code of 1986, as amended, imposes certain reporting obligations upon brokers and other middlemen. As a result, AST will be required to report to the Internal Revenue Service and the participant any sales of stock by AST on behalf of a participant.

  11. The Terms and Conditions of the Plan and its operation shall be governed by the laws of the State of New York.