Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: March 19, 2025 to March 25, 2025
Business Overview: CCEP is a leading consumer goods company operating across 31 countries, serving nearly 600 million consumers and over 4 million customers. The company is listed on Euronext Amsterdam, NASDAQ (Nasdaq 100 constituent), the London Stock Exchange, and Spanish Stock Exchanges.
Key Financial Metrics and Transactions
This filing reports on the execution of the Company's share buyback programme announced on February 14, 2025, with an aggregate authorization of up to EUR 1 billion. The filing details daily transactions in own shares executed via Goldman Sachs & Co. LLC and affiliates.
| Date of Purchase | US Venues (Shares) | London Venues (Shares) | Total Shares Purchased | US VWAP (USD) | London VWAP (GBP) |
|---|---|---|---|---|---|
| March 18, 2025 | 38,374 | 13,747 | 52,121 | $85.50 | £65.75 |
| March 19, 2025 | 38,490 | 13,613 | 52,103 | $85.37 | £65.94 |
| March 20, 2025 | 38,194 | 13,553 | 51,747 | $86.03 | £66.45 |
| March 21, 2025 | 38,336 | 13,300 | 51,636 | $85.73 | £66.30 |
| March 24, 2025 | 38,767 | 0 | 38,767 | $84.77 | N/A |
Financial Metrics Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity. This document is strictly a disclosure of share repurchase activity.
Material Changes
The primary material change reported is the reduction of the Company's outstanding share count through the cancellation of repurchased shares. The filing does not disclose material changes to operational performance or financial position compared to prior periods.
Guidance, Outlook, and Risks
Share Buyback Programme: The Company continues to execute its programme to repurchase up to EUR 1 billion of ordinary shares. All repurchased shares are cancelled immediately.
Trading Venues: Transactions occurred on US Trading Venues (Nasdaq and others) and London Trading Venues (London Stock Exchange, CBOE Europe Limited, Aquis). On March 24, 2025, purchases were made exclusively on US venues.
Risks and Contingencies: The filing states that the announcements do not constitute an offer or solicitation of an offer for securities in any jurisdiction. No specific operational risks or contingencies are detailed in this text.
Key Facts for Investor Verification
- Buyback Progress: Verify the total cumulative amount spent against the EUR 1 billion authorization to assess remaining capacity.
- Share Count Impact: Confirm the updated total number of outstanding shares following the cancellation of approximately 246,374 shares reported in this filing.
- Price Volatility: Note the fluctuation in US trading prices (VWAP ranging from $84.77 to $86.03) and London prices (VWAP ranging from £65.75 to £66.45) during the week.
- Operational Silence: Acknowledge that this filing contains no operational or financial performance data; investors must refer to other reports for revenue and earnings updates.