Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: May 7, 2025 to May 13, 2025
Business Overview: CCEP is a leading consumer goods company serving nearly 600 million consumers across 31 countries. It is listed on Euronext Amsterdam, NASDAQ, London Stock Exchange, and Spanish Stock Exchanges, and is a constituent of the Nasdaq 100 and FTSE 100 indices.
Key Financial Metrics and Share Transactions
This filing details ongoing share repurchase activities under a buyback programme announced on February 14, 2025, with an aggregate authorization of up to EUR 1 billion. All repurchased shares are cancelled.
| Date of Purchase | US Venues (Shares) | London Venues (Shares) | Total Shares | US VWAP (USD) | London VWAP (GBP) |
|---|---|---|---|---|---|
| May 6, 2025 | 29,816 | 30,087 | 59,903 | 90.4344 | 67.8101 - 67.8477 |
| May 7, 2025 | 29,714 | 30,011 | 59,725 | 90.7426 | 68.0314 - 68.0812 |
| May 8, 2025 | 29,813 | 30,033 | 59,846 | 90.4418 | 68.4579 - 68.5542 |
| May 9, 2025 | 30,064 | 28,655 | 58,719 | 89.6874 | 67.6904 - 67.6669 |
| May 12, 2025 | 30,771 | 29,639 | 60,410 | 87.6179 | 67.1376 - 67.1839 |
Counterparty: Goldman Sachs & Co. LLC, Goldman Sachs International, or affiliates.
Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on share transaction disclosures.
Material Changes and Programme Status
Buyback Programme: The transactions are part of the EUR 1 billion share buyback programme. The filing confirms consistent daily execution of the programme across US and London trading venues.
Market Activity: No ordinary shares were purchased on London Trading Venues on May 5, 2025, due to the UK's Early May Bank Holiday.
Price Trends: During the reporting week, the Volume Weighted Average Price (VWAP) on US venues ranged from approximately USD 87.62 to USD 90.74. London venue VWAPs ranged from approximately GBP 66.91 to GBP 68.55.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no new management commentary, financial guidance, or outlook beyond the confirmation of the ongoing buyback programme.
Risks and Contingencies: The filing includes standard disclaimers stating that the announcements do not constitute an offer or solicitation of securities. It references compliance with the Market Abuse Regulation (Regulation (EU) No 596/2014).
Key Facts for Investor Verification
- Programme Authorization: Verify the remaining balance of the EUR 1 billion buyback authorization announced in February 2025.
- Share Count Impact: Confirm the total number of shares cancelled to date and the impact on total outstanding share count.
- Execution Consistency: Note the consistent daily volume of approximately 60,000 shares repurchased across both US and London markets.
- Price Volatility: Observe the slight downward trend in US VWAP from May 7 (USD 90.74) to May 12 (USD 87.62).
- Regulatory Compliance: Confirm that all transactions were executed via Goldman Sachs affiliates in compliance with UK and EU market abuse regulations.