28 May 2020 17:00
28 May 2020
Fevertree Drinks plc
Grant of Options
Fevertree Drinks plc (the "Company") announces the grant of options over a total of 112,640 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company with an exercise price of 0.25 pence.
On 20 May 2020, the following options were issued to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"):
Nam | Title | Number of share options granted | Performance period | Vesting period | Exercise price |
Tim Warrillow | Chief Executive Officer | 68,561 | 1 January 2020 to 31 December 2022 | 3 years commencing on 20 May 2020 | 0.25p per share |
Andy Branchflower | Chief Financial Officer | 44,079 | 1 January 2020 to 31 December 2022 | 3 years commencing on 8 May 2020 | 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 2020 awards.
For further information:
Fever-Tree Drinks plc
Investor queries
Ann Hyams, Director of Investor Relations I ann.hyams@fever-tree.com I +44 (0)7435 828 138
Media queries
Oliver Winters, Director of Communications I oliver.winters@fever-tree.com I +44 (0)770 332 9024
Nominated Advisor and Joint Broker - Numis Securities
Garry Levin I Matt Lewis I Hugo Rubinstein I +44 (0)20 7260 1000
Joint Broker - Investec Bank plc
David Flin I Alex Wright I David Anderson I +44 (0)20 7597 5970
Brunswick Group
Jonathan Glass | Fiona Micallef-Eynaud | +44 (0) 20 7404 5959
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 70 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 | 20 May 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Fevertree (FEVR)