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Coca-Cola (NYSE:KO) Europacific Partners PLC (NASDAQ:CCEP), a leading consumer goods company, has announced a series of transactions in its own shares as part of its share buyback program. The company confirmed the purchase of 30,755 ordinary shares on May 20, 2025, on US Trading Venues from Goldman Sachs & Co. LLC and its affiliates. These shares, alongside additional repurchases made on May 21, 22, and 27, will be cancelled as part of the company’s strategy to reduce its issued share capital.
The share buyback program, which was first announced on February 14, 2025, aims to repurchase up to EUR 1 billion of ordinary shares in aggregate. The first tranche of this program was completed on May 23, 2025, with the second tranche expected to commence on May 27, 2025. This second phase is anticipated to last until August 7, 2025, with a maximum aggregate purchase amount of EUR 205 million, of which up to EUR 55 million will be allocated to the London Trading Venues. The company maintains a healthy dividend yield of 4% and has demonstrated steady revenue growth of 6.78% in the last twelve months, with annual revenues reaching nearly $11 billion.
Coca-Cola Europacific Partners has entered into arrangements with Goldman Sachs & Co. LLC and Goldman Sachs International to facilitate the repurchases on both US and London trading venues. The transactions will be conducted independently of the company’s influence and in accordance with applicable regulations, including the Market Abuse Regulation as it applies in the UK and relevant U.S. federal securities laws.
The company, listed on several major stock exchanges, including Euronext (EPA:ENX) Amsterdam, NASDAQ, and the London Stock Exchange (LON:LSEG), is a constituent of both the NASDAQ 100 and FTSE 100 indices. With an overall Financial Health score of "FAIR" according to InvestingPro analysis, Coca-Cola Europacific Partners serves nearly 600 million consumers and supports over 4 million customers across 31 countries.
This announcement is based on a press release statement and does not constitute an offer or solicitation of an offer for securities in any jurisdiction. Further details regarding the transactions can be found in the schedule to this announcement, accessible through the provided link.
In other recent news, Pan American Silver Corp (NYSE:PAAS). has announced the acquisition of MAG Silver Corp (TSX:MAG)., as detailed in a recent filing with the U.S. Securities and Exchange Commission (SEC). This strategic move is expected to expand Pan American Silver (TSX:PAAS)’s portfolio within the mining sector. The acquisition was documented through key agreements such as the Material Change Report and the Arrangement Agreement. Additionally, Americas Gold & Silver Corp has filed a Form 6-K with the SEC, providing updates on its corporate governance and upcoming meetings, ensuring transparency and compliance with regulatory requirements.
MAG Silver Corp also filed a Form 6-K, highlighting significant corporate activities that may impact shareholder rights, although specific details were not disclosed. Meanwhile, ZOOZ Power Ltd. announced its participation in the 2025 Aegis Capital Virtual Conference, as reported in a Form 6-K, reflecting its commitment to transparency and investor engagement. Electra Battery Materials Corporation has similarly submitted a Form 6-K to the SEC, detailing preparations for an upcoming shareholder meeting. These filings collectively emphasize the companies’ adherence to regulatory standards and their efforts to keep investors informed about recent developments.
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