Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from December 1, 2023, to December 31, 2023, with the report filed on January 2, 2024. The document serves as a compliance report under the FCA's Disclosure Guidance and Transparency Rules, detailing transactions by Persons Discharging Managerial Responsibilities (PDMR) and providing the total voting rights and share capital as of year-end.
Key Financial Metrics
The filing does not contain consolidated financial statements, revenue, profit, cash flow, or debt metrics. The only financial data provided relates to specific share transactions and capital structure:
- Share Capital: 459,200,818 ordinary shares of €0.01 each in issue as of December 31, 2023.
- Voting Rights: 459,200,818 total voting rights (one vote per share).
- Treasury Shares: None.
- Share Price Range (PDMR Transactions): Transactions occurred between approximately USD $64.38 and USD $65.52 during mid-to-late December 2023.
Material Changes Versus Prior Period
The filing does not provide comparative financial data or year-over-year analysis of operational performance. The primary change reported is the update to the total share capital and voting rights count as of December 31, 2023, which serves as the denominator for future notification obligations under FCA rules.
Guidance, Outlook, and Management Commentary
This filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is strictly a regulatory notification of insider trading activity and capital structure.
Notable PDMR Transactions Reported:
- Acquisitions (Dividend Reinvestment & Share Plans): Multiple executives, including CEO Damian Gammell and CFO Manik Jhangiani, acquired shares via dividend reinvestment plans (DRIP) and the UK Share Plan. Most of these acquisitions occurred on December 14, 2023, at a weighted average price of USD $65.303330.
- Sales: Stephen Moorhouse (General Manager, Great Britain) sold 10,000 Ordinary Shares on December 15, 2023. The weighted average sale price was USD $64.4654, totaling approximately USD $644,654.
- Other Acquisitions: Several executives acquired small quantities of shares (approx. 5-6 shares each) on December 19, 2023, pursuant to the UK Share Plan, with a weighted average price of USD $32.760560 (reflecting a mix of purchased and matching shares).
Important Facts for Investor Verification
- Capital Structure: Verify the total share count of 459,200,818 as the baseline for calculating ownership percentages.
- Insider Sentiment: Note the net buying activity by most PDMRs via dividend reinvestment, contrasted with a single significant sale of 10,000 shares by Stephen Moorhouse.
- Share Price Context: The transaction prices (approx. $64.40 - $65.50) reflect the market valuation of the stock in mid-December 2023.
- Missing Data: Investors must refer to the company's Annual Report (Form 20-F) or interim financial statements for revenue, earnings, and cash flow data, as this Form 6-K does not contain them.