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Fevertree Drinks PLC - Sale of Ordinary Shares in Fever-Tree

RNS Number : 3828J
Fevertree Drinks PLC
02 April 2015
 

2nd April 2015

Fevertree Drinks plc ("Fever-Tree")

Sale of Ordinary Shares in Fever-Tree

Fever-Tree, the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, has been informed that LDC (Managers) Limited ("LDC"), acting as investment manager on behalf of LDC II LP, LDC Parallel II LP and LDC Equity II LP, has sold an aggregate of 5,956,487 ordinary shares today representing c.5.17 per cent. of the total number of voting rights in the Group (the "Transaction"). Following the Transaction, the funds managed by LDC as named above continue to hold 5,956,486 ordinary shares or c.5.17 per cent. of the total voting rights in Fever-Tree. The remainder of the shares retained by LDC are now subject to a lock-in which has been extended to 1 July 2015.

 

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

[email protected]

Georgina Goodhew

 

Tom Hufton

 

 

 

Investec Bank plc - Nominated Adviser and Broker

+44 (0)20 7597 4000

Garry Levin

 

Duncan Williamson

 

Matt Lewis

 

David Anderson

 

 

 

 

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 approximately 50 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"). Approximately 70 per cent of the Group's sales were derived from outside of the UK in financial year 2014, with key overseas markets in the US and Europe.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Fevertree Drinks

Price: 2312

Market: AIM
Market Cap: £2.69 billion
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