26 May 2016 07:00
26 May 2016
Fevertree Drinks plc
Grant of Options
Fevertree Drinks plc (the "Company") announces the grant of options over 294,688 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company at nil cost with an exercise price of 0.25 pence each in accordance with the Disclosure and Transparency Rules.
On 24 May 2016 the following options were issued to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"), the introduction of which was approved by the Company's shareholders at the Company's Annual General Meeting held on 21 April 2016 ("AGM"):
Name | Title | Number of share options granted | Performance period | Vesting period | Exercise price |
Tim Warrillow | Chief Executive Officer | 115,299 | 1 January 2016 to 31 December 2018 | 3 years commencing on 24 May 2016 | 0.25p per share |
Charles Rolls | Executive Deputy Chairman | 115,299 | 1 January 2016 to 31 December 2018 | 3 years commencing on 24 May 2016 | 0.25p per share |
Andy Branchflower | Finance Director | 50,095 | 1 January 2016 to 31 December 2018 | 3 years commencing on 24 May 2016 | 0.25p per share |
Andy Branchflower | Finance Director | 13,995 | No performance condition | 12 months commencing on 24 May 2016 | 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 (if applicable) attached to the 2016 awards.
The performance conditions are based on the achievement of targets linked to the Company's (i) 2018 turnover and (ii) 2018 EBITDA.
For further information:
Fevertree Drinks plc | c/o FTI +44 (0)20 3727 1000 |
Tim Warrillow, Co-founder and CEO |
|
Charles Rolls, Co-founder and Executive Deputy Chairman |
|
Andy Branchflower, Finance Director |
|
|
|
FTI Consulting - Financial PR | +44 (0)20 3727 1000 |
Jonathon Brill |
|
Oliver Winters |
|
Tom Hufton |
|
|
|
Investec Bank plc - Nominated Adviser and Broker | +44 (0)20 7597 4000 |
Garry Levin |
|
Matt Lewis |
|
Symmie Swil |
|
David Anderson |
|
Fevertree (FEVR)