Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from August 1, 2024, to August 31, 2024. The report serves as a notification of specific corporate events required under the FCA's Disclosure Guidance and Transparency Rules, including transactions by Persons Discharging Managerial Responsibilities (PDMR) and an update on total voting rights and capital.
Key Financial Metrics
The filing text does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity transactions and capital structure updates.
- Ordinary Shares in Issue: 460,600,977 (as of August 31, 2024)
- Share Par Value: €0.01 each
- Total Voting Rights: 460,600,977
- Treasury Shares: None
Material Changes
The filing details several material changes regarding executive compensation and share ownership during the reporting period:
- PDMR Share Acquisitions (August 19, 2024): Multiple executives, including the departing CFO (Manik Jhangiani), the new CFO (Edward Walker), General Counsel (Clare Wardle), CIO (Peter Brickley), CCO (Stephen Lusk), and General Managers (Leendert den Hollander, Stephen Moorhouse), acquired Ordinary Shares pursuant to the UK Share Plan or UK Shareshop.
- Most executives acquired approximately 5.016 shares at a weighted average price of USD $38.49 (total value approx. USD $193.05).
- Stephen Lusk also acquired 2.451 shares via the UK Shareshop at USD $76.87 per share.
- Performance Share Unit Grant (August 23, 2024): CFO Ed Walker was granted a maximum award of 17,724 Performance Share Units (PSUs) under the Long-Term Incentive Plan. These units are subject to performance conditions and vest on March 15, 2027. The grant price was USD $0.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risk factors, or contingencies. The document is a statutory disclosure of specific transactions and capital data.
Investor Verification Checklist
- Verify the total number of voting rights (460,600,977) for calculating notification thresholds under FCA rules.
- Confirm the departure of Manik Jhangiani as CFO and the concurrent share acquisition activity.
- Review the terms of the Long-Term Incentive Plan regarding the 17,724 PSUs granted to Ed Walker, specifically the performance conditions required for vesting in 2027.
- Note that no treasury shares were held as of August 31, 2024.