Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from August 1, 2021, to August 31, 2021, with the report filed on September 1, 2021. The document serves as a notification of specific regulatory disclosures required under the FCA's Disclosure Guidance and Transparency Rules, specifically regarding transactions by Persons Discharging Managerial Responsibilities (PDMRs) and the company's total voting rights and share capital.
Key Financial Metrics
The filing text does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly a regulatory disclosure of share transactions and capital structure.
- Share Capital: 455,875,081 ordinary shares of €0.01 each in issue as of August 31, 2021.
- Voting Rights: 455,875,081 total voting rights (one vote per share).
- Treasury Shares: None held.
Material Changes
The filing details the following material changes regarding share ownership and capital structure during the reporting period:
- PDMR Transactions: Six senior executives acquired ordinary shares on August 19, 2021, pursuant to the UK Share Plan. These transactions were executed on the New York Stock Exchange (XNYS).
- Transaction Details:
- Manik Jhangiani (CFO): Acquired 7.145280 shares (Aggregated Price: $203.92).
- Clare Wardle (General Counsel): Acquired 7.145280 shares (Aggregated Price: $203.92).
- Peter Brickley (CIO): Acquired 7.145280 shares (Aggregated Price: $203.92).
- Stephen Lusk (CCO): Acquired 6.595570 shares (Aggregated Price: $188.23).
- Leendert den Hollander (GM, Northern Europe): Acquired 7.145280 shares (Aggregated Price: $203.92).
- Stephen Moorhouse (GM, Great Britain): Acquired 7.145280 shares (Aggregated Price: $203.92).
- Share Price Reference: Transactions utilized a price of approximately $57.08 per share for the paid portion, with a portion of the acquisition at $0.00 (likely matching shares or tax adjustments).
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is limited to statutory notifications of share transactions and capital totals.
Investor Verification Checklist
- Verify the total number of outstanding shares (455,875,081) against the company's latest 20-F or annual report to confirm no other issuances or buybacks occurred outside this filing.
- Confirm the specific terms of the "UK Share Plan" referenced in the PDMR transactions to understand the vesting schedule and conditions attached to the acquired shares.
- Review the aggregate value of the PDMR acquisitions ($1,208.16 total for all six executives) to assess insider confidence relative to the broader market context.
- Check subsequent filings for any changes in the total voting rights denominator, which is critical for calculating notification thresholds under FCA rules.