Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: March 1, 2024 to March 31, 2024
Filing Date: April 2, 2024
Context: This filing discloses regulatory updates required under the FCA's Disclosure Guidance and Transparency Rules, specifically covering a block listing return for share incentive schemes, transactions by Persons Discharging Managerial Responsibilities (PDMRs), and total voting rights as of March 31, 2024.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure of share capital and insider transactions rather than a financial results report.
Share Capital Data (as of March 31, 2024):
- Ordinary Shares in Issue: 460,278,557
- Share Par Value: €0.01 each
- Total Voting Rights: 460,278,557
- Treasury Shares: None
Material Changes
Share Incentive Schemes (Block Listing):
- Period: September 18, 2023 to March 17, 2024
- Shares Issued/Allotted: 1,287,035
- Remaining Unallotted Balance: 10,150,385 (down from 11,437,420)
- Schemes Involved: Coca-Cola Enterprises, Inc. 2010 Incentive Award Plan and Coca-Cola European Partners plc Long-Term Incentive Plan 2016.
PDMR Transactions:
Several executives acquired small quantities of ordinary shares on March 19, 2024, via the UK Share Plan or UK Shareshop. Transactions included:
- Manik Jhangiani (CFO): Acquired 2.64 shares at ~$71.41/share.
- Clare Wardle (General Counsel): Acquired 2.64 shares at ~$71.41/share.
- Peter Brickley (CIO): Acquired 2.64 shares at ~$71.41/share.
- Stephen Lusk (CCO): Acquired 2.44 shares (UK Share Plan) and 2.63 shares (UK Shareshop).
- Leendert den Hollander (GM Northern Europe): Acquired 2.64 shares at ~$71.41/share.
- Stephen Moorhouse (GM Great Britain): Acquired 2.64 shares at ~$71.41/share.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is strictly a compliance notification regarding share capital and insider trading disclosures.
Investor Verification Checklist
- Verify the total number of voting rights (460,278,557) for calculating notification thresholds under FCA DTR 5.6.
- Confirm the reduction in unallotted securities under the company's incentive schemes (1,287,035 shares issued).
- Review the specific share acquisition prices (~$71.41 USD) for PDMRs to assess alignment with market prices on March 19, 2024.
- Note that no financial performance data (revenue, earnings, cash flow) is contained in this specific filing; refer to the most recent Form 20-F or interim results for financial metrics.