Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from July 1, 2023, to July 31, 2023. The report was filed on August 1, 2023, pursuant to Rule 13a-16 of the Securities Exchange Act of 1934. The document primarily serves to disclose transactions by Persons Discharging Managerial Responsibilities (PDMRs) and to report the company's total voting rights and share capital as of July 31, 2023.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data provided relates to specific share transactions and capital structure:
- Total Ordinary Shares in Issue: 458,951,436 (as of July 31, 2023).
- Share Par Value: €0.01 per share.
- Total Voting Rights: 458,951,436.
- Treasury Shares: None.
- Share Transaction Prices: PDMR transactions occurred at prices ranging from $0.00 (vesting of matching awards) to approximately $65.14 per share (market sales for tax funding).
Material Changes Versus Prior Period
The filing does not provide comparative financial data or material changes in business operations versus prior periods. The only reported change is the incremental increase in share capital resulting from the vesting of Employee Share Purchase Plan (ESPP) awards and the UK Share Plan during the month of July 2023.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The document is strictly a regulatory notification of insider trading activity and capital structure updates.
Important Facts for Investors to Verify
- PDMR Activity: Multiple executives, including the CFO (Manik Jhangiani) and General Counsel (Clare Wardle), acquired shares via the UK Share Plan and ESPP in July 2023.
- Tax-Driven Sales: Several PDMRs sold small quantities of shares immediately following the vesting of ESPP awards. These sales were explicitly noted as "non-discretionary" transactions conducted solely to fund tax liabilities.
- Capital Structure: Verify the total share count of 458,951,436 for any calculations regarding ownership thresholds under the FCA's Disclosure Guidance and Transparency Rules.
- Transaction Dates: Key transaction dates for PDMRs were July 12, July 19, and July 21, 2023.