Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc) reports on transactions in its own shares. The reporting period covers share purchases executed between October 25, 2019 and October 31, 2019. The announcement was made on November 1, 2019.
Key Financial Metrics
The filing details a share buyback program rather than operational financial performance. Key metrics include:
- Shares Purchased: A total of 390,000 ordinary shares of EUR 0.01 each were purchased.
- Share Status: All purchased shares have been cancelled.
- Price Range: The highest price paid per share was $54.66 (NYSE, Oct 25), and the lowest was $52.595 (CFX, Oct 29).
- Volume Weighted Average Price (VWAP): Prices varied by venue and date, with significant volume on the NYSE averaging between $53.14 and $54.04.
- Program Authority: Purchases were made under a buyback program announced on September 12, 2018, and authorized by shareholders at the AGM on May 29, 2019.
Material Changes
This filing does not report material changes to revenue, profit, or debt. It solely documents the reduction of the company's share count through the cancellation of 390,000 shares during the specified week. The filing text does not provide a clear value for total program expenditure or remaining buyback authority.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. It notes that the company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme. No specific risks or contingencies are disclosed in this document.
Investor Verification Checklist
- Verify the total number of shares repurchased to date under the September 2018 program.
- Confirm the remaining authorization limit for the buyback program following these cancellations.
- Review the detailed trade breakdown available at the company's website for granular execution data.
- Check subsequent filings for updates on the completion of the buyback program.