🧾 What This Document Is

This is a Form 6-K, a standard report that foreign companies listed in the U.S. must file with the SEC to share important news. Think of it as a mandatory update for American investors.

👉 In short: Coca-Cola Europacific Partners (CCEP) is officially reporting that it spent money last week buying back some of its own shares.

🏢 What The Company Does

Coca-Cola Europacific Partners is a giant bottler and distributor. They don't make the Coke syrup—that's The Coca-Cola Company. Instead, CCEP takes that concentrate, mixes it with water and sweetener, bottles or cans it, and then sells and delivers the finished drinks to stores and restaurants.

👉 In simple terms: They are the manufacturing, logistics, and sales arm for Coca-Cola products across Europe and the Pacific region, serving nearly 600 million consumers.

🔍 The Share Buyback Detail

This filing is all about one specific action: buying back the company's own stock. This is part of a larger program announced on February 17, 2026, where CCEP plans to spend up to €1 billion repurchasing shares.

👉 Why it matters: When a company buys back its own shares, it reduces the number of shares available on the market. This can increase the value of the remaining shares (like a pizza being cut into fewer, larger slices) and is a way to return cash to shareholders.

💰 The Financial Mechanics

From March 23 to March 27, 2026, CCEP bought back a total of:

• 250,000 shares on U.S. trading venues (like Nasdaq)
• 249,779 shares on London trading venues (like the London Stock Exchange)

The total price per share fluctuated daily. For example:

• U.S. Venues: High of $94.59, Low of $91.61
• London Venues: High of £70.80, Low of £68.90

👉 Key Point: All these repurchased shares will be cancelled. They cease to exist, permanently reducing the company's total share count.

📦 The "Who" Behind The Trades

CCEP didn't buy these shares directly on the open market like a regular investor. They used Goldman Sachs (specifically Goldman Sachs & Co. LLC and Goldman Sachs International) to execute these transactions on their behalf.

👉 Why it matters: Large companies often hire investment banks to manage these buybacks efficiently and in compliance with strict market rules.

🔮 What's Next For The Program

This week's purchases are just one slice of the ongoing €1 billion buyback program. The company will continue repurchasing shares over time according to the program's rules and timeline.

👉 What to watch: Investors will look at the pace and total amount of these buybacks as a signal of management's confidence in the company's value and their commitment to returning capital.

⚖️ Big Picture Strengths & Risks

👍 Strengths:

• Disciplined Capital Return: Executing a large, announced buyback shows financial discipline and a clear plan for shareholder cash.
• Scale & Market Position: As a leading bottler for iconic brands, CCEP has a massive, stable operating foundation.

⚠️ Risks:

• Execution & Cost: If the share price rises significantly during the buyback period, the company spends more cash to achieve the same reduction in shares.
• Business Fundamentals: A buyback is only positive if the underlying business is healthy. It cannot fix operational challenges.

🧠 The Analogy

Think of CCEP as a family-owned pizza parlor that's very successful. Instead of just giving out bigger slices of pizza (dividends), the family decides to buy back some of the slices they previously sold to neighbors and then eat them. This means the remaining neighbors who still own slices now own a larger percentage of the whole pizza, and the pizza itself is made from the same great recipe (the Coca-Cola brands).

📇 Key Contacts & People

• Clare Wardle (General Counsel & Company Secretary) - [email protected]
• Sarah Willett (Investor Relations) - [email protected]
• Shanna Wendt (Media Relations) - [email protected]

🧩 Final Takeaway

Coca-Cola Europacific Partners is actively executing a large-scale, €1 billion plan to buy back and cancel its own shares, using Goldman Sachs as its agent. This is a direct move to return value to shareholders by making their remaining ownership stakes more valuable.