Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc) covers share repurchase transactions executed between November 30, 2018 and December 6, 2018. The report serves as a correction to a previous announcement regarding the volume-weighted average price paid per share.
Key Financial Metrics
The filing details the execution of the Company's existing buyback programme authorized at the Annual General Meeting on May 31, 2018. All purchased shares have been cancelled.
- Transaction Type: Open market purchases of ordinary shares (EUR 0.01 each) via USX (US Dollar) trading venues.
- Broker: Credit Suisse Securities (USA) LLC.
- Price Range: The lowest price paid per share was US$46.88 (NYSE, Dec 6) and the highest was US$48.61 (NYSE, Nov 30).
- Volume: The filing provides a daily aggregated breakdown of shares purchased across multiple venues (NYSE, OTC, NASDAQ, etc.) but does not explicitly state the total aggregate number of shares purchased in the narrative text, requiring summation of the provided table data.
Material Changes
The primary material change noted in this filing is a correction of data from an announcement released earlier on December 7, 2018. The previous release incorrectly listed the aggregate number of shares purchased in the column designated for the volume-weighted average price. This filing rectifies that error.
Guidance, Outlook, and Risks
Management Commentary: The Company confirmed that these purchases are part of the ongoing Buyback Programme. It stated that further announcements will be made in due course upon the completion of additional purchases.
Risks and Contingencies: No specific new risks or contingencies were disclosed in this filing. The document focuses solely on the mechanics of the share repurchase.
Investor Verification Checklist
- Verify the total aggregate number of shares repurchased by summing the "Aggregate number of ordinary shares" column in the provided daily tables, as the total is not explicitly stated in the summary text.
- Confirm the total cost of the buyback by calculating the product of shares and volume-weighted average prices for each transaction.
- Review the full breakdown of individual transactions available at the URL provided in the filing for granular trade details.
- Monitor future announcements for the completion status of the Buyback Programme authorized in May 2018.