Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from June 1, 2024, to June 30, 2024. The report serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMR) and persons closely associated with them, as well as a disclosure of total voting rights and capital as of June 30, 2024. The company is a foreign private issuer filing under Rule 13a-16 of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a regulatory disclosure of insider trading activity and capital structure, not a financial performance report.
Capital Structure (as of June 30, 2024):
- Ordinary Shares in Issue: 460,371,583
- Share Par Value: €0.01 each
- Total Voting Rights: 460,371,583
- Treasury Shares: None
Share Transaction Pricing (PDMR Activity):
- May 31, 2024 Transactions: Weighted average price of USD $72.934810 per share.
- June 20, 2024 Transactions: Weighted average price of USD $36.765801 per share (reflecting a mix of purchased shares and zero-cost matching shares under the UK Share Plan).
Material Changes Versus Prior Period
The filing does not contain comparative financial data or material changes in business operations versus prior periods. The only reported change is the update of total voting rights and capital as of June 30, 2024, which stands at 460,371,583 shares.
Guidance, Outlook, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document strictly details compliance notifications regarding share acquisitions by senior executives.
Notable PDMR Transactions:
- Dividend Reinvestment (May 31, 2024): Multiple executives, including CEO Damian Gammell (5,712 shares) and CFO Manik Jhangiani (4.34 shares), acquired shares via automatic reinvestment of interim dividends paid on May 23, 2024.
- UK Share Plan Acquisitions (June 20, 2024): Several executives, including CFO Manik Jhangiani and General Counsel Clare Wardle, acquired shares pursuant to the UK Share Plan. These transactions involved a mix of purchased shares and matching shares (priced at $0.00), resulting in a blended weighted average price significantly lower than the market price.
Important Facts for Investor Verification
- Capital Base: Verify the total share count of 460,371,583 for accurate calculation of ownership thresholds under FCA rules.
- Executive Alignment: Note that senior management, including the CEO and CFO, are actively increasing their shareholdings through dividend reinvestment and share plans, indicating confidence in the company's long-term prospects.
- Transaction Nature: Distinguish between market purchases and plan-based acquisitions (which include matching shares) when analyzing insider trading volume and cost basis.
- Missing Financials: Investors seeking revenue, earnings, or cash flow data must refer to the company's most recent Form 20-F or interim financial reports, as this 6-K does not contain such information.