Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc) is dated March 2, 2020. The report discloses specific transactions regarding the Company's purchase of its own ordinary shares under an existing buyback programme authorized by shareholders on May 29, 2019.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on share repurchase activity.
| Date | Shares Purchased | Highest Price (US$) | Lowest Price (US$) | VWAP (US$) | Venue |
|---|---|---|---|---|---|
| Feb 24, 2020 | 103,000 | 56.17 | 55.50 | 55.87 | NYSE |
| Feb 25, 2020 | 123,000 | 55.76 | 54.09 | 54.91 | NYSE |
| Feb 26, 2020 | 123,000 | 54.87 | 54.05 | 54.43 | NYSE |
| Feb 27, 2020 | 120,000 | 54.65 | 53.33 | 53.98 | NYSE |
| Feb 28, 2020 | 120,000 | 51.97 | 50.23 | 51.02 | NYSE |
Total Shares Purchased: 589,000 ordinary shares of EUR 0.01 each.
Status: All purchased shares have been cancelled.
Material Changes
The filing does not report material changes to the Company's financial position, operations, or results of operations compared to prior periods. The only reported activity is the execution of share buybacks, which resulted in a reduction of the Company's outstanding share count.
Guidance, Outlook, and Risks
Management Commentary: The Company confirmed these purchases are part of the buyback programme announced on February 13, 2020. Management stated it will make further announcements upon the completion of additional purchases under the programme.
Risks and Contingencies: No specific risks, contingencies, or unusual items were disclosed in this filing. The filing does not contain forward-looking guidance on revenue or earnings.
Investor Verification Checklist
- Verify the total number of shares cancelled (589,000) against the Company's latest capital structure reports.
- Confirm the remaining authority under the buyback programme announced on February 13, 2020.
- Review the detailed trade breakdown available via the link provided in the filing for granular transaction data.
- Note that this filing contains no operational or financial performance data; refer to the most recent Form 20-F or interim reports for those metrics.