Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: March 9, 2020 to March 13, 2020
Subject: Announcement of transactions in own shares under an existing buyback programme.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. It reports exclusively on share repurchase activity.
| Date | Shares Purchased | Lowest Price (USD) | Highest Price (USD) | VWAP (USD) | Venue |
|---|---|---|---|---|---|
| March 9, 2020 | 117,000 | 48.63 | 51.52 | 49.99 | NYSE |
| March 10, 2020 | 121,000 | 47.34 | 49.85 | 48.62 | NYSE |
| March 11, 2020 | 125,000 | 45.59 | 48.25 | 46.97 | NYSE |
| March 12, 2020 | 152,000 | 39.64 | 42.65 | 40.78 | NYSE |
| March 13, 2020 | 148,479 | 40.23 | 43.33 | 41.78 | NYSE |
| March 13, 2020 | 521 | 43.24 | 43.24 | 43.24 | BATS |
| Total | 664,000 | 39.64 | 51.52 | N/A | N/A |
Note: All purchased shares have been cancelled.
Material Changes
The filing does not provide comparative financial data against prior periods. The primary material event is the execution of share buybacks during a period of significant price volatility, with the share price dropping from a high of $51.52 on March 9 to a low of $39.64 on March 12.
Guidance, Outlook, and Risks
Management Commentary: The purchases are part of a buyback programme announced on February 13, 2020, authorized by shareholders at the Annual General Meeting on May 29, 2019. The Company intends to make further announcements upon completion of additional purchases.
Risks and Contingencies: The filing text does not explicitly state new risks or contingencies, though the trading dates coincide with the onset of significant global market volatility in March 2020.
Investor Verification Checklist
- Verify the total remaining authorization under the buyback programme announced on February 13, 2020.
- Confirm the total number of shares cancelled to date versus the total authorized.
- Review the detailed individual transaction breakdown available at the company's governance website.
- Monitor subsequent Form 6-K filings for further buyback activity or programme termination.