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Coca-Cola Europacific Partners ( (CCEP) ) just unveiled an announcement.
Coca-Cola Europacific Partners announced that all resolutions at their 2025 Annual General Meeting were passed, although the Rule 9 Waiver Resolution received only 74.95% support. This resolution allows the company to conduct share buybacks without triggering a mandatory offer for all shares by Olive Partners, S.A. The board emphasizes the importance of share buybacks in returning capital to shareholders and is committed to engaging with shareholders to address concerns about the waiver. The company plans to return up to €1 billion to shareholders through buybacks, highlighting its strategic focus on capital allocation.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company that produces, distributes, and sells popular beverage brands. The company serves nearly 600 million consumers and supports over 4 million customers across 31 countries. It combines the scale of a multinational business with local expertise and is listed on major stock exchanges, including Euronext Amsterdam, NASDAQ, and the London Stock Exchange.
See more insights into CCEP stock on TipRanks’ Stock Analysis page.