Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: April 9, 2025 to April 15, 2025
Business Overview: CCEP is a leading consumer goods company operating in 31 countries, serving nearly 600 million consumers and over 4 million customers. The company is listed on Euronext Amsterdam, NASDAQ, the London Stock Exchange, and Spanish Stock Exchanges.
Key Financial Metrics and Transactions
This filing details daily share repurchase transactions under a buyback programme announced on February 14, 2025. The programme authorizes the repurchase of up to EUR 1 billion of ordinary shares. All repurchased shares are cancelled.
| Date of Purchase | US Venues (Shares) | London Venues (Shares) | Total Shares | US VWAP (USD) | London VWAP (GBP) |
|---|---|---|---|---|---|
| April 8, 2025 | 36,652 | 19,986 | 56,638 | 83.9000 | 65.8122 - 65.9300 |
| April 9, 2025 | 37,233 | 19,536 | 56,769 | 82.5899 | 64.8185 - 64.8485 |
| April 10, 2025 | 36,081 | 20,548 | 56,629 | 85.2177 | 66.4816 - 66.5482 |
| April 11, 2025 | 35,569 | 19,796 | 55,365 | 86.4457 | 66.4548 - 66.5137 |
| April 14, 2025 | 35,019 | 19,304 | 54,323 | 87.8040 | 66.6638 - 66.7112 |
Financial Metrics Note: The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. It is strictly a disclosure of share transactions.
Material Changes
Share Price Trend: During the reporting week, the volume-weighted average price (VWAP) on US trading venues showed an upward trend, rising from approximately USD 82.59 on April 9 to USD 87.80 on April 14. London venue prices similarly increased from a low of approximately GBP 64.82 to a high of approximately GBP 66.71.
Volume Consistency: The company maintained a consistent daily repurchase volume, purchasing between approximately 54,000 and 57,000 shares per day across both US and London venues.
Guidance, Outlook, and Risks
Buyback Programme Status: The transactions are part of the ongoing EUR 1 billion share buyback programme. The filing does not specify the remaining balance of the programme or provide updated financial guidance.
Management Commentary: No specific management commentary regarding operational performance or future outlook is included in this filing.
Risks and Contingencies: The filing contains standard disclaimers stating that the announcement does not constitute an offer or solicitation of securities. It references compliance with the Market Abuse Regulation (EU) No 596/2014 as applied in the UK.
Investor Verification Checklist
- Programme Remaining Capacity: Verify the total amount repurchased to date against the EUR 1 billion authorization to determine remaining capacity.
- Share Count Impact: Confirm the reduction in total outstanding shares following the cancellation of the approximately 279,724 shares repurchased during this week.
- Price Volatility: Monitor the widening spread between US and London trading prices and the overall upward price trend during the buyback period.
- Counterparty Details: Note that all transactions were executed via Goldman Sachs & Co. LLC, Goldman Sachs International, or affiliates.