Last checked at 5 May 2023 07:00
5 May 2023
Fevertree Drinks plc
Grant of Options
Fevertree Drinks plc (the "Company") announces the grant of options over a total of 270,856 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company with an exercise price of 0.25 pence.
On 3 May 2023, the following options were issued to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"):
Name | Title | Number of share options granted | Performance period | Vesting Date | Exercise price |
Tim Warrillow | Chief Executive Officer | 164,865 | 1 January 2023 to 31 December 2025 | 3 May 2026 | 0.25p per share |
Andy Branchflower | Chief Financial Officer | 105,991 | 1 January 2023 to 31 December 2025 | 3 May 2026 | 0.25p per share |
The number of Ordinary Shares stated is the maximum number that could be issued to each Executive Director upon full satisfaction of the performance conditions attached to the 2023 awards.
Ends
For further information:
Investor queries
Ann Hyams, Director of Investor Relations I ann.hyams@fever-tree.com I +44 (0)2045 168 106
Media queries
Oliver Winters, Director of Communications I oliver.winters@fever-tree.com I +44 (0)770 332 9024
Nominated Advisor and Broker - Investec Bank plc
David Flin I Alex Wright I +44 (0)20 7597 5970
Corporate Broker - Morgan Stanley & Co. International plc
Andrew Foster I Jessica Pauley I +44 (0)20 7425 8000
Financial PR advisers - FGS Global
Faeth Birch +44 (0)7768 943 171 I Anjali Unnikrishnan +44 (0)7826 534 233
Notes to Editors:
Fever-Tree is the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to over 85 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. The Company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
1 | Details of the persons discharging managerial responsibilities / person closely associated | |||||||
a) | Name | 1. Tim Warrillow 2. Andy Branchflower | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Fevertree Drinks plc | ||||||
b) | LEI | 2138007AJRLHRVQZLD07 | ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 0.25 pence each
| ||||||
Identification code | GB00BRJ9BJ26 | |||||||
b) | Nature of the transaction | Grant of options | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||||
e) | Date of the transaction | 3 May 2023 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||