Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc) dated September 4, 2019, discloses a Notification of Major Holdings. The report details a change in the voting rights structure of the company triggered by an event changing the breakdown of voting rights, rather than a direct acquisition or disposal of shares.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is strictly a regulatory disclosure regarding shareholding percentages and voting rights.
Material Changes Versus Prior Period
The primary material change reported is a shift in the total voting rights held by The Coca-Cola Company and its subsidiaries:
- Previous Position: 18.21% of voting rights (483,070,267 voting rights).
- Resulting Position (as of 02/09/2019): 19.01% of voting rights (462,635,083 voting rights).
- Change Driver: The increase in percentage ownership occurred despite a decrease in the absolute number of voting rights, indicating a reduction in the total number of voting rights outstanding for the issuer.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to notify the market and the Financial Conduct Authority (FCA) of the updated shareholding structure.
Important Facts for Investor Verification
- Shareholder Identity: The person subject to the notification obligation is The Coca-Cola Company, acting through its subsidiary European Refreshments.
- Ownership Structure: European Refreshments is a wholly owned subsidiary of Atlantic Industries, which is a wholly owned subsidiary of The Coca-Cola Export Corporation, which is a wholly owned subsidiary of The Coca-Cola Company.
- Threshold Crossing Date: The threshold was crossed on September 2, 2019, and the issuer was notified on September 3, 2019.
- Voting Rights Composition: The 19.01% holding consists entirely of direct voting rights attached to ordinary shares (ISIN: GB00BDCPN049); there are no financial instruments contributing to the voting rights count.