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: October 18, 2019 to October 24, 2019
Subject: Disclosure of transactions in own shares under an existing buyback programme.
Key Financial Metrics
This filing reports on share repurchase activity rather than operational financial performance. No revenue, profit, cash flow, margin, debt, or liquidity metrics are provided in this document.
- Share Class: Ordinary shares of EUR 0.01 each
- Investment Firm: Credit Suisse Securities (USA) LLC
- Trading Venues: Multiple US exchanges including NYSE, NASDAQ, BATS, IEX, and others.
Material Changes and Share Repurchase Details
The Company purchased a total of 390,000 ordinary shares during the reporting period. All purchased shares have been cancelled.
| Date | Shares Purchased | Price Range (USD) | Volume Weighted Avg Price (USD) |
|---|---|---|---|
| 18 Oct 2019 | 155,000 | 57.89 - 58.90 | 58.59 |
| 21 Oct 2019 | 160,006 | 58.34 - 58.89 | 58.64 |
| 22 Oct 2019 | 161,200 | 58.13 - 58.90 | 58.49 |
| 23 Oct 2019 | 164,400 | 57.97 - 58.49 | 58.27 |
| 24 Oct 2019 | 184,000 | 54.48 - 56.30 | 55.17 |
Note: Prices listed above are aggregated per day across all venues. The price per share dropped significantly on October 24, with the lowest price paid at $54.48.
Guidance, Outlook, and Management Commentary
Buyback Programme Status: These purchases are part of the buyback programme announced on September 12, 2018, authorized by shareholders at the Annual General Meeting on May 29, 2019.
Future Activity: The Company stated it will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing.
Important Facts for Investors to Verify
- Verify the total remaining authorization under the buyback programme to assess future capital return potential.
- Confirm the impact of the share cancellations on the total share count and earnings per share (EPS).
- Review the full breakdown of individual transactions available via the link provided in the filing for granular trade analysis.
- Monitor subsequent 6-K filings for updates on the completion of the buyback programme.