CCEP Completes €1 Billion Share Buyback Program

Coca-Cola Europacific Partners (CCEP) has made significant moves in its share buyback program, repurchasing 214,393 shares as part of its €1 billion plan. This move was executed between August 24 and 28, with the company purchasing a total of 155,000 ordinary shares on US trading venues and 59,393 shares on London trading venues from Goldman Sachs entities.

The repurchased shares will be cancelled, reducing the number of outstanding shares in circulation and potentially boosting earnings per share for remaining investors. This move is part of CCEP's overall strategy to manage its capital structure and allocate resources effectively.

According to the filing, CCEP paid a highest price of $110.5400 per ordinary share on US trading venues and £81.3500 per share on the London Stock Exchange. The volume-weighted average prices for each day were also disclosed in the filing.