REG - Coca-Cola EP PLC - CCEP announces share buyback programme

Coca-Cola Europacific PartnersAnnouncement

17/02/2026 07:02

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RNS Number : 2405T  Coca-Cola Europacific Partners plc  17 February 2026

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN
OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A
SOLICITATION OF ANY VOTE OR APPROVAL.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE
OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

Coca-Cola Europacific Partners plc announces share buyback
programme(( 1 )) of up to €1bn

17 February 2026

As disclosed in the preliminary results for the financial year 2025 released
today, Coca-Cola Europacific Partners plc (the "Company") intends to return
up to €1bn to shareholders through a coordinated share buyback programme
on (i) Nasdaq and other applicable US trading venues ("the US Trading Venues")
and (ii) the London Stock Exchange, CBOE Europe Limited (through the BXE
and CXE order books) and Aquis (the "London Trading Venues") (the
"Programme"). The Programme will begin on 18 February 2026 and is expected
to be completed prior to the end of February 2027. The purpose of the
Programme is to reduce the issued share capital of the Company.  All shares
repurchased as part of the Programme will be cancelled.

The Company has entered into an arrangement in relation to the initial period
of the Programme(( 2 )) with Goldman Sachs & Co. LLC and Goldman Sachs
International (together with their affiliates "GS"), consisting of two
contracts to enable the purchase of ordinary shares on both the US Trading
Venues and the London Trading Venues. GS will act as riskless principal, share
purchases will be made in accordance with the arrangement and effected within
certain contractually agreed parameters, and shall be made independently of
and uninfluenced by the Company.

Additional details

The Programme will be effected in accordance with (i) (in relation to
purchases made on the London Trading Venues) the scope of the authority to
repurchase ordinary shares "on market" conferred on the Company at the 2025
Annual General Meeting and any further authority to be conferred at the 2026
Annual General Meeting(( 3 )), (ii) (in relation to purchases made on the US
Trading Venues) the scope of the authority to repurchase ordinary shares "off
market" conferred on the Company at the 2025 Annual General Meeting and any
further authority to be conferred at the 2026 Annual General Meeting; (iii)
(in relation to purchases made on the London Trading Venues) (EU) No 596/2014
(the Market Abuse Regulation) and the Commission Delegated Regulation (EU)
2016/1052 as applicable (both as in force in the UK, and as they form part of
retained UK law as defined in the European Union (Withdrawal) Act 2018),
(iv) Chapter 9 of the UK Listing Rules; and (v) applicable U.S. federal
securities laws, including applicable US securities laws and anti-manipulation
provisions thereof. In relation to purchases on the London Trading Venues, GS
will acquire CREST depositary interests on the London Trading Venues, which
will be cancelled together with the underlying shares they represent.

The maximum number of ordinary shares which may be purchased or committed to
be purchased by the Company under the contracts entered into in respect of the
initial period of the Programme is 35,017,269 (being the number of ordinary
shares remaining under the authority granted by shareholders at the Company's
2025 Annual General Meeting) taken together with such number of ordinary
shares under any authority granted by shareholders at the Company's 2026
Annual General Meeting.

Cautionary note on forward-looking statements

This document contains statements, estimates or projections that constitute
"forward-looking statements" concerning the financial condition, performance,
results, guidance and outlook, dividends, consequences of mergers,
acquisitions, joint ventures, divestitures, strategy and objectives of
Coca-Cola Europacific Partners plc and its subsidiaries (together CCEP or the
Group). Generally, the words "ambition", "target", "aim", "believe", "expect",
"intend", "estimate", "anticipate", "project", "plan", "seek", "may", "could",
"would", "should", "might", "will", "forecast", "outlook", "guidance",
"possible", "potential", "predict", "objective" and similar expressions
identify forward-looking statements, which generally are not historical in
nature.

Forward-looking statements are subject to certain risks that could cause
actual results to differ materially. Forward-looking statements are based upon
various assumptions as well as CCEP's historical experience and present
expectations or projections. As a result, undue reliance should not be placed
on forward-looking statements, which speak only as of the date on which they
are made. Factors that, in CCEP's view, could cause such actual results to
differ materially from forward looking statements include, but are not limited
to, those set forth in the "Risk Factors" section of CCEP's 2024 Annual Report
on Form 20-F filed with the SEC on 21 March 2025 and subsequent filings,
including, but not limited to: changes in the marketplace; changes in
relationships with large customers; adverse weather conditions; importation of
other bottlers' products into our territories; deterioration of global and
local economic and political conditions; uncertainty and volatility from the
impact and extent of actual and promised tariff adjustments; increases in
costs of raw materials; changes in interest rates or debt rating;
deterioration in political unity within the European Union; defaults of or
failures by counterparty financial institutions; changes in tax law in
countries in which we operate; additional levies of taxes, including tariff
adjustments; legal changes in our status; waste and pollution, health concerns
perceptions, and recycling matters related to packaging; global or regional
catastrophic events; cyberattacks against us or our customers or suppliers;
technology failures; initiatives to realise cost savings; calculating
infrastructure investment; executing on our acquisition strategy; costs,
limitations of supplies, and quality of raw materials; maintenance of brand
image and product quality; managing workplace health, safety and security;
water scarcity and regulations; climate change and legal and regulatory
responses thereto; other legal, regulatory and compliance considerations;
anti-corruption laws, regulations, and sanction programmes; legal claims
against suppliers; litigation and legal proceedings against us; attracting,
retaining and motivating employees; our relationship with TCCC and other
franchisors; and differing views among our shareholders.

Due to these risks, CCEP's actual future financial condition, results of
operations, and business activities, including its results, dividend payments,
capital and leverage ratios, growth, including growth in revenue, cost of
sales per unit case and operating profit, free cash flow, market share, tax
rate, efficiency savings, achievement of sustainability goals, including net
zero emissions and recycling initiatives, capital expenditures, may differ
materially from the plans, goals, expectations and guidance set out in
forward-looking statements. These risks may also adversely affect CCEP's share
price. CCEP does not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise, except as required under applicable rules, laws and
regulations.

 

 

CONTACTS

 Company Secretariat                                    Investor Relations                                       Media Relations

 Clare Wardle                                           Sarah Willett                                            Shanna Wendt

 clare.wardle@ccep.com (mailto:clare.wardle@ccep.com)   sarah.willett@ccep.com (mailto:sarah.willett@ccep.com)   mediaenquiries@ccep.com (mailto:mediaenquiries@ccep.com)

 

ABOUT CCEP

Coca-Cola Europacific Partners is one of the world's leading consumer goods
companies. We make, move and sell some of the world's most loved brands -
serving nearly 600 million consumers and helping over 4 million customers
across 31 countries grow.

We combine the strength and scale of a large, multi-national business with an
expert, local knowledge of the customers we serve and communities we support.

The Company is currently listed on Euronext Amsterdam, NASDAQ, London Stock
Exchange and on the Spanish Stock Exchanges, and a constituent of both the
Nasdaq 100 and FTSE 100 indices, trading under the symbol CCEP (ISIN No.
GB00BDCPN049)

For more information about CCEP, please visit www.cocacolaep.com
(http://www.cocacolaep.com/)  and follow CCEP on LinkedIn
(https://www.linkedin.com/company/coca-cola-europacific-partners/)

(( 1 )) As announced in CCEP's FY26 guidance as part of its preliminary
results for the financial year. The maximum figure reflects CCEP's current
view of market conditions.

(( 2 )) Expected to cover the period from 18 February 2026 and end no later
than 30 June 2026. The aggregate amount for purchases in respect of this
initial tranche of the Programme is up to €500,000,000 of which up to
€130,000,000 would be in respect of the London Trading Venues (with
purchases on the London Trading Venues expected to be completed by 30 June
2026).

(( 3 )) The existing shareholder authorities to buy back shares granted at the
Company's 2025 Annual General Meeting will expire at the earlier of the close
of business on Tuesday 30 June 2026, and the end of the Company's 2026 Annual
General Meeting. The Company expects to seek renewal of shareholder authority
to buy back shares at the 2026 Annual General Meeting, so that its repurchases
under the Programme may continue.

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