THIS ANNOUNCEMENT DOES NOT
CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND
NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS THE BASIS FOR
ANY OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SHARES OR OTHER
SECURITIES IN THE COMPANY NOR SHALL IT FORM THE BASIS FOR ANY
CONTRACT OR COMMITMENT WHATSOEVER.
15 November 2024
Coca-Cola Europacific
Partners plc
Transfer to the Equity Shares (Commercial Companies)
category
Further to the announcement on 18
October 2024, Coca-Cola Europacific Partners plc ("CCEP" or the "Company") is pleased to announce the
approval by the Financial Conduct Authority (the "FCA") of the transfer of the listing
category of its ordinary shares from the Equity Shares (Transition)
category to the Equity Shares (Commercial Companies) category of
the Official List of the FCA (the "Transfer") which became effective at
8:00 a.m. (GMT) today.
Following the transfer and
subject to other conditions being met, including a
sufficient volume of its trading in the ordinary shares migrating
to UK equity trading venues1, the Company should,
subject to FTSE approval, be eligible in due course for admission
to the FTSE UK Index Series.
The FTSE UK Index Series Guide to
Calculation Method for the Median Liquidity Test ("the Liquidity
Test") requires that as a pre-requisite to future FTSE indexation
eligibility, a minimum of 0.025% of the Company's traded free float
to be traded on UK equity trading venues1 against the
sterling quote over certain periods. This is calculated on a median
monthly basis and is currently equivalent to c.51k (or c. £3.1m)
ordinary shares per day. Subject to the outcome of the Liquidity
Test being satisfactory, in each month from November 2024 up to and
including February 2025, the earliest it could be satisfied is
ahead of FTSE Russell's quarterly rebalancing review in March 2025.
There can be no certainty that the Liquidity Test will be
met.
About CCEP
CCEP 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.
For more information about CCEP, please visit
www.cocacolaep.com &
follow CCEP on LinkedIn @CCEP.
For a copy of CCEP's latest factsheet:
Presentation Title (cocacolaep.com)
Enquiries
Corporate broker, joint sponsor and
joint financial adviser BNP Paribas: Virginia Khoo
virginia.khoo@uk.bnpparibas.com
Corporate broker, joint sponsor and
joint financial adviser Deutsche Numis: Lewis Burnett
lewis.burnett@dbnumis.com
General Counsel and Company
Secretary: Clare Wardle secretariat@ccep.com
Investor Relations: Sarah
Willett sarah.willett@ccep.com
Media: ccep@portland-communications.com
1 Section 2.1.6 of the FTSE UK
Index Series Guide to Calculation Method for the Median Liquidity
Test, v2.9 October 2024, lists volumes trading on the following
venues which will be aggregated for the purpose of the liquidity
test; The London Stock Exchange, CBOE CXE, CBOE BXE and CBOE
OTC.
Forward-Looking Statements
This announcement contains
statements, estimates or projections that constitute
"forward-looking statements" concerning the financial condition,
performance, 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 from CCEP's
historical experience and present expectations or projections
including that there can be no assurance whether or when our
ordinary shares will meet the Liquidity Test or be admitted to FTSE
UK Index Series. 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.
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, and ability to remain in compliance with existing and
future regulatory compliance, 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. Additional risks that may impact CCEP's future financial
condition and performance are identified in filings with the SEC
which are available on the SEC's website at www.sec.gov. 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. Any or all of the forward-looking
statements contained in this filing and in any other of CCEP's
public statements may prove to be incorrect.
End.
