Coca-Cola Europacific buys back shares worth EUR 1 billion

Published 29/04/2025, 07:06
Coca-Cola Europacific buys back shares worth EUR 1 billion

LONDON - Coca-Cola (NYSE:KO) Europacific Partners plc (NASDAQ:CCEP) has announced the repurchase of its own shares on Monday, as part of an ongoing share buyback program initiated earlier this year. The company confirmed the acquisition of 38,195 ordinary shares on various US Trading Venues and 18,956 shares on London Trading Venues on April 28, 2025. The transactions were conducted through Goldman Sachs & Co (NYSE:GS). LLC and its affiliates.

The shares bought back on the US venues ranged in price from USD 87.3200 to USD 88.2500, with a volume-weighted average price of USD 87.7972 per share. In the UK, the prices varied from GBP 65.3000 to GBP 66.2000, with the volume-weighted average prices on the London Stock Exchange (LON:LSEG) and CBOE Europe Limited’s BXE and CXE platforms being GBP 65.8439, GBP 65.8531, and GBP 65.8016, respectively. No shares were purchased on the Aquis exchange.

This move is a continuation of the share buyback program that Coca-Cola Europacific Partners announced on February 14, 2025, which outlined the company’s intention to repurchase up to EUR 1 billion of its ordinary shares. The repurchased shares will be canceled as part of the program.

Coca-Cola Europacific Partners is one of the leading consumer goods companies globally, with a significant presence across 31 countries catering to nearly 600 million consumers and supporting over 4 million customers. The company’s shares are listed on several major exchanges, including Euronext (EPA:ENX) Amsterdam, NASDAQ, London Stock Exchange, and the Spanish Stock Exchanges. It is also a part of the Nasdaq 100 and FTSE 100 indices.

The share buyback program aligns with the company’s strategy to deliver value to shareholders and reflects its robust financial position. The specific details of the transactions have been made available in accordance with market regulations.

This announcement is based on a press release statement and does not constitute an offer or solicitation for securities in any jurisdiction. The information provided is subject to the terms and conditions of the London Stock Exchange’s news service RNS, which is authorized by the Financial Conduct Authority in the UK.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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