Business Context and Reporting Period
This Form 6-K filing by Coca-Cola Europacific Partners Plc covers the period from May 1, 2023, to May 31, 2023. The report serves as a notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them, as well as an update on the company's total voting rights and share capital as of May 31, 2023.
Key Financial Metrics
The filing does not contain operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity transactions and capital structure.
- Share Capital: 458,846,191 ordinary shares of €0.01 each in issue as of May 31, 2023.
- Voting Rights: 458,846,191 total voting rights (one vote per share).
- Treasury Shares: None.
- Share Price Range (PDMR Transactions): Transactions occurred between approximately $63.03 and $66.60 USD per share during the reporting period.
Material Changes
The filing does not report material changes to the company's business operations, financial condition, or results of operations compared to prior periods. The only reported changes relate to the specific share transactions by executives and directors listed below.
Management Commentary, Risks, and Unusual Items
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a statutory disclosure of insider trading activity and capital structure.
Notable PDMR Transactions:
- Sales:
- Stephen Lusk (Chief Commercial Officer) sold 7,000 shares on May 3, 2023, at a weighted average price of $65.995756 USD.
- Stephen Moorhouse (General Manager, Great Britain) sold 10,000 shares on May 16, 2023, at a weighted average price of $66.5883 USD.
- Acquisitions:
- Nicolas Mirzayantz (Non-Executive Director) acquired 7,930 shares on May 26, 2023, at a weighted average price of $63.0299 USD.
- Multiple executives (including the CFO, General Counsel, and CIO) acquired small fractional amounts of shares (approx. 5.5 shares each) on May 19, 2023, pursuant to the UK Share Plan and Shareshop.
Investor Verification Checklist
- Verify the total share count of 458,846,191 against the company's most recent annual report (Form 20-F) to confirm no other issuances or buybacks occurred outside this filing.
- Review the specific dates and prices of the PDMR sales by Stephen Lusk and Stephen Moorhouse to assess insider sentiment relative to the broader market performance in May 2023.
- Confirm that the "UK Share Plan" acquisitions by multiple executives represent standard vesting or matching contributions rather than discretionary purchases.
- Note that this filing provides no data on the company's operational performance; refer to the Q1 2023 earnings release or Form 20-F for financial results.