Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc (formerly Coca-Cola European Partners Plc) covers share repurchase activities conducted between September 14, 2018, and September 20, 2018. The report details transactions executed under the Company's existing buyback programme, authorized by shareholders at the Annual General Meeting on May 31, 2018, and announced on September 12, 2018. All purchased shares were cancelled immediately upon acquisition.
Key Financial Metrics
The filing focuses exclusively on capital return activities and does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity.
- Transaction Type: Repurchase of ordinary shares (EUR 0.01 each).
- Execution Agent: Credit Suisse Securities (USA) LLC.
- Trading Venues: Multiple US exchanges including NYSE, NASDAQ, BATS, and OTC Markets.
- Price Range: Shares were purchased at prices ranging from a low of 45.27 USX to a high of 46.13 USX per share.
- Total Volume: The filing lists daily aggregated volumes across 13 trading venues for five separate trading days. A precise total aggregate share count is not explicitly summarized in the text, though individual daily venue volumes are provided.
Material Changes
This filing reports a specific corporate action (share buyback) rather than a comparative financial period. Consequently, there are no material changes in revenue, earnings, or balance sheet items to report versus a prior comparable period. The primary activity is the reduction of the Company's share capital through the cancellation of repurchased shares.
Guidance, Outlook, and Risks
Management Commentary: The Company stated it will make further announcements in due course following the completion of any additional purchases pursuant to the Buyback Programme.
Risks and Contingencies: The filing does not disclose new risks, contingencies, or unusual items. It is a routine disclosure of share repurchase activity in compliance with SEC regulations.
Guidance: No financial guidance or outlook was provided in this document.
Investor Verification Checklist
- Verify the total number of shares repurchased by summing the daily aggregated volumes across all listed trading venues, as the filing does not provide a single total figure.
- Confirm the remaining authority under the Buyback Programme to assess the potential for future share cancellations.
- Review the detailed individual trade breakdown available at the provided URL for granular transaction data.
- Check subsequent filings to confirm the final completion date and total cost of the buyback programme.