CCEP Continues EUR 1B Share Buyback Program

Coca-Cola Europacific Partners (CCEP) has continued to execute its share buyback program, repurchasing a total of 214,393 ordinary shares between August 24 and 28. This is part of the company's wider plan to repurchase up to EUR 1 billion in ordinary shares.

The recent purchases were made on both U.S. and London trading venues, with all shares being cancelled to reduce the company's share count. The buybacks are seen as a signal from management's commitment to returning capital to shareholders and potentially enhancing earnings per share over time.

CCEP's broad listing footprint across multiple exchanges may also support liquidity and capital structure optimisation, benefiting existing investors and index fund holders tied to its Nasdaq 100 and FTSE 100 membership.