Transactions in Own Shares & Programme Update
Coca-Cola Europacific Partners plc (the "Company")
Transactions in Own Shares and Programme Update
Repurchase of shares on 22 May 2025
The Company confirms that on 22 May 2025 it purchased a total of: (i) 30,719 ordinary shares of EUR 0.01 ("ordinary shares") on the US Trading Venues[1] and (ii) 0 ordinary shares on the London Trading Venues[2]; in both cases, from Goldman Sachs & Co. LLC, Goldman Sachs International or one of their affiliates, as detailed below.
The purchases form part of the Company's share buyback programme announced on 14 February 2025 (the "Programme"). In connection with the Programme, the Company expects to repurchase up to EUR 1 billion of ordinary shares (in aggregate).
All shares repurchased as part of the Programme have been or will be cancelled.
Programme update
The first tranche of the Programme, which the Company announced on 14 February 2025 (as updated on 28 March 2025 and 2 May 2025) and which had a maximum aggregate amount for purchases of €275,000,000, will be completed today.
The second tranche of the Programme is expected to commence on 27 May 2025 and the Company has entered into an arrangement in relation to this second tranche with Goldman Sachs & Co. LLC and Goldman Sachs International, consisting of two contracts to enable the purchase of ordinary shares on both the US Trading Venues and the London Trading Venues. Share purchases will be made in accordance with the arrangement and made independently of and uninfluenced by the Company. The purpose of the Programme is to reduce the issued share capital of the Company.
The second tranche of the Programme is expected to cover the period from 27 May 2025 until 7 August 2025. The maximum aggregate amount for purchases in respect of this second tranche of the Programme will be €205,000,000, of which up to €55,000,000 will be in respect of the London Trading Venues (with purchases on the London Trading Venues expected to be completed by 31 July 2025).
Purchases pursuant to the second tranche of the Programme will be effected in accordance with (i) (in relation to purchases made on the London Trading Venues) the scope of the authority to repurchase ordinary shares "on market" conferred on the Company at the 2025 Annual General Meeting (ii) (in relation to purchases made on the US Trading Venues) the scope of the authority to repurchase ordinary shares "off market" conferred on the Company at the 2025 Annual General Meeting; (iii) (in relation to purchases made on the London Trading Venues) (EU) No 596/2014 (the Market Abuse Regulation) and the Commission Delegated Regulation (EU) 2016/1052 as applicable (both as in force in the UK, and as they form part of retained UK law as defined in the European Union (Withdrawal) Act 2018), (iv) Chapter 9 of the UK Listing Rules; and (v) applicable U.S. federal securities laws, including applicable US securities laws and anti-manipulation provisions thereof. In relation to purchases on the London Trading Venues, GS will acquire CREST depositary interests on the London Trading Venues, which will be cancelled together with the underlying shares they represent.
The maximum number of ordinary shares which may be purchased or committed to be purchased by the Company under the contracts entered into in respect of this second tranche of the Programme is 46,016,093 less such number of shares repurchased pursuant to the initial tranche of the Programme after 3 April 2025, which is the maximum number pursuant to the relevant authorities granted by shareholders at the Company's 2025 Annual General Meeting.
Repurchase of shares on 22 May 2025
|
|
US Trading Venues |
London Stock Exchange |
CBOE Europe Limited (CXE)
|
CBOE Europe Limited (BXE) |
|
Date of purchase |
22 May 2025 |
22 May 2025 |
22 May 2025 |
22 May 2025 |
|
Aggregate number of ordinary shares purchased |
30,719 |
0 |
0 |
0 |
|
Highest price paid (per ordinary share) |
USD 89.2600 |
GBP 0 |
GBP 0 |
GBP 0 |
|
Lowest price paid (per ordinary share) |
USD 88.3200 |
GBP 0 |
GBP 0 |
GBP 0 |
|
Volume weighted average price paid (per ordinary share) |
USD 88.7229 |
GBP 0 |
GBP 0 |
GBP 0 |
This announcement does not constitute, or form part of, an offer or solicitation of an offer for securities in any jurisdiction.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK (the Market Abuse Regulation), full details of the transactions, are set out in the Schedule to this announcement available through the link below:
http://www.rns-pdf.londonstockexchange.com/rns/8816J_1-2025-5-22.pdf
|
CONTACTS
|
Company Secretariat Clare Wardle |
Investor Relations Sarah Willett |
Media Relations Shanna Wendt |
ABOUT CCEP
Coca-Cola Europacific Partners is one of the world's leading consumer goods companies. We make, move and sell some of the world's most loved brands - serving nearly 600 million consumers and helping over 4 million customers across 31 countries grow.
We combine the strength and scale of a large, multi-national business with an expert, local knowledge of the customers we serve and communities we support.
The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock Exchange and on the Spanish Stock Exchanges, and a constituent of both the NASDAQ 100 and FTSE 100 indices, trading under the symbol CCEP.
For more information about CCEP, please visit www.cocacolaep.com and follow CCEP on LinkedIn
Cautionary note on forward-looking statements
This release contains statements, estimates or projections that constitute "forward-looking statements" concerning the financial condition, performance, results, guidance and outlook, dividends, consequences of mergers, acquisitions, joint ventures, divestitures, strategy and objectives of Coca-Cola Europacific Partners plc and its subsidiaries (together CCEP or the Group). Generally, the words "ambition", "target", "aim", "believe", "contemplate", "expect", "intend", "estimate", "anticipate", "project", "plan", "seek", "may", "could", "would", "should", "might", "will", "forecast", "outlook", "guidance", "possible", "potential", "predict", "objective" and similar expressions identify forward-looking statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks that could cause actual results to differ materially. Forward-looking statements are based upon various assumptions as well as CCEP's historical experience and present expectations or projections. As a result, undue reliance should not be placed on forward-looking statements, which speak only as of the date on which they are made. Factors that, in CCEP's view, could cause such actual results to differ materially from forward looking statements include, but are not limited to, those set forth in the "Risk Factors" section of CCEP's 2024 Annual Report on Form 20-F filed with the SEC on 21 March 2025 and subsequent filings.
[1] The "US Trading Venues" comprise Nasdaq and other applicable US trading venues.
[2] The "London Trading Venues" comprise the London Stock Exchange, CBOE Europe Limited (BXE) and CBOE Europe Limited (CXE). Goldman Sachs acquired CREST Depositary Interests on the London Trading Venues, which will be cancelled together with the underlying shares they represent.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 17 hours ago Savannah Energy
- 18 hours ago Buccaneer Energy PLC
- 18 hours ago Savannah Energy
- 19 hours ago Carclo
- 19 hours ago Schroder Japan Growth Fund