Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from July 1, 2024, to July 31, 2024. The report serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMR) and persons closely associated with them, as well as an update on total voting rights and capital structure as of July 31, 2024.
Key Financial Metrics
The filing text does not provide financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a regulatory disclosure of insider trading activity and capital structure.
- Ordinary Shares in Issue: 460,372,505 (as of July 31, 2024)
- Share Par Value: €0.01 each
- Total Voting Rights: 460,372,505
- Treasury Shares: None
Material Changes
The filing details specific share transactions by senior management during July 2024, primarily driven by employee share plans and tax obligations:
- July 15, 2024: Acquisitions of Ordinary Shares by Ana Callol and Jose Antonio Echeverria pursuant to the Employee Share Purchase Plan (ESPP) at a weighted average price of approximately $74.42.
- July 19, 2024: Acquisitions by multiple executives (including Manik Jhangiani, Edward Walker, Clare Wardle, Peter Brickley, Stephen Lusk, Leendert den Hollander, and Stephen Moorhouse) under the UK Share Plan and UK Shareshop. Notably, Manik Jhangiani is identified as the "Chief Financial Officer (Departing)."
- July 22, 2024: Vesting of matching share awards under the ESPP for Ana Callol and Jose Antonio Echeverria (issued at $0.00), followed by non-discretionary sales of shares to fund associated tax liabilities at approximately $73.81 per share.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risk factors, or contingencies. The document is limited to statutory notifications of share transactions and capital data.
Investor Verification Checklist
- Verify the departure status of Manik Jhangiani (CFO) and the transition to Edward Walker (CFO) as indicated in the transaction notifications.
- Confirm the total share count of 460,372,505 for accurate calculation of ownership thresholds under FCA Disclosure Guidance and Transparency Rules.
- Review the specific terms of the UK Share Plan and ESPP to understand the pricing mechanics (e.g., the $0.00 issuance price for vesting awards vs. market price for tax sales).
- Monitor future filings for the formal announcement of the CFO transition and any related compensation or severance details not included in this transaction log.