Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from September 1, 2022, to September 30, 2022, with the report filed on October 3, 2022. The document serves as a report of foreign private issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. It primarily details regulatory disclosures required by the UK Financial Conduct Authority (FCA), including transactions by Persons Discharging Managerial Responsibilities (PDMRs), updates to share incentive schemes, and total voting rights.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory disclosure of share transactions and capital structure rather than a financial performance report.
| Metric | Value |
|---|---|
| Total Ordinary Shares in Issue | 456,887,931 |
| Share Par Value | €0.01 |
| Total Voting Rights | 456,887,931 |
| Treasury Shares | 0 |
| Unallotted Securities (Incentive Plan) | 13,540,511 |
Material Changes
The filing reports specific changes in share capital and incentive scheme balances during the period:
- Incentive Scheme Activity: Under the Coca-Cola Enterprises, Inc. 2010 Incentive Award Plan, 116,913 securities were issued/allotted between March 17, 2022, and September 16, 2022. This reduced the balance of unallotted securities from 13,657,424 to 13,540,511.
- PDMR Transactions: Several executives acquired shares or were granted Performance Share Units (PSUs) during September 2022. Notable transactions include grants of PSUs to José Antonio Echeverría (1,075 shares) and John Galvin (4,705 shares), and market purchases by the CFO, General Counsel, and other officers via the UK Share Plan and Shareshop.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is strictly limited to statutory notifications of share transactions and capital data.
Important Facts for Investors to Verify
- Share Count Accuracy: Verify the total voting rights of 456,887,931 as the denominator for calculating notification thresholds under FCA rules.
- Incentive Plan Dilution: Monitor the reduction in unallotted securities (116,913 issued) within the 2010 Incentive Award Plan to assess potential future dilution.
- Executive Alignment: Note the recent acquisition of shares by key executives (CFO, General Counsel, CIO, etc.) via the UK Share Plan and Shareshop, indicating insider confidence or compliance with share ownership guidelines.
- PSU Vesting Conditions: Review the performance conditions attached to the PSUs granted on September 5, 2022, which vest on March 10, 2025, subject to continued service.