Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: February 19, 2025, through February 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 details specific transactions in the company's own shares (share buybacks) executed under a programme announced on February 14, 2025. The programme authorizes the repurchase of up to EUR 1 billion of ordinary shares.
Transaction Summary (Feb 18 - Feb 24, 2025):
- Total Shares Repurchased: Approximately 190,000 ordinary shares across five trading days.
- Counterparty: Goldman Sachs & Co. LLC, Goldman Sachs International, or affiliates.
- Share Treatment: All repurchased shares are cancelled.
- Trading Venues: US Trading Venues (Nasdaq) and London Trading Venues (LSE, CBOE Europe, Aquis).
Price Data (Volume Weighted Average Price - VWAP):
- USD Range: $86.16 to $87.62 per share.
- GBP Range: £68.15 to £69.69 per share.
Note: This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics for the company's operating results.
Material Changes
The filing reports a consistent execution of the share buyback programme over five consecutive trading days. There are no material changes to the company's operations, financial position, or strategy reported in this document other than the reduction of outstanding share count via cancellation.
Guidance, Outlook, and Risks
Outlook: Management continues to execute the EUR 1 billion share buyback programme announced on February 14, 2025.
Risks and Contingencies: The filing includes standard disclaimers stating that the announcements do not constitute an offer or solicitation of securities. It references compliance with the Market Abuse Regulation (Regulation (EU) No 596/2014) as applied in the UK.
Investor Verification Checklist
- Buyback Progress: Verify the cumulative amount spent against the EUR 1 billion authorization limit.
- Share Count: Confirm the updated total number of outstanding shares following the cancellations.
- Market Price Impact: Compare the VWAP paid during these transactions against the prevailing market price on the respective dates.
- Programme Status: Monitor future announcements for any changes to the buyback programme's scope or termination.