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Coca-Cola Europacific Partners Joins FTSE 100: A Milestone Report

$CCEP
Form 6-K
Filed on: 2025-03-05
Source
Coca-Cola Europacific Partners Joins FTSE 100: A Milestone Report

Here are the key insights extracted from the financial report 6-K filed by Coca-Cola Europacific Partners plc (CCEP) dated March 5, 2025:

  1. Admission to FTSE 100: CCEP has announced its inclusion in the FTSE 100 Index and FTSE All Share Indices, effective from the close of business on March 21, 2025. This is a significant milestone as it reflects the company's stature in the market.
  2. Company Overview: CCEP is a leading player in the non-alcoholic ready-to-drink market, operating across 31 countries in Western Europe, Australia, and Southeast Asia. The company serves approximately 600 million consumers and supports over 4 million customers.
  3. UK Nationality Assignment: The inclusion in the FTSE indices follows the assignment of UK nationality by FTSE Russell on February 5, 2025, which is crucial for eligibility in the FTSE UK Index Series. This move aligns with the company's strategic shift and regulatory compliance.
  4. Listing Transfer Approval: CCEP received approval from the Financial Conduct Authority (FCA) for its transfer of listing to the Equity Shares (Commercial Companies) category, facilitating its eligibility for inclusion in the FTSE indices.
  5. Statements from Leadership:
  • Sol Daurella, Chair, emphasized the importance of this admission as a commitment to the UK market, where Coca-Cola has a rich history.
  • Damian Gammell, CEO, highlighted the inclusion as a recognition of the company's strong performance in 2024, reinforcing their capability to deliver shareholder value and expanding accessibility to investors.
  1. Forward-Looking Statements: The report includes forward-looking statements regarding the company’s financial condition and performance, emphasizing that these are subject to various risks that could impact actual results. Factors include market conditions, customer relationships, raw material costs, and regulatory changes.
  2. Contact Information: For inquiries, the report provides contact details for key personnel including General Counsel and Company Secretary Clare Wardle and Investor Relations contact Sarah Willett.

This report marks a pivotal moment for CCEP, reflecting its growth trajectory and strengthening its position in the market, particularly in the UK. The inclusion in the FTSE 100 could enhance its visibility among investors, potentially leading to increased investment opportunities.