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Fevertree Drinks PLC - Grant of Options

RNS Number : 2767O
Fevertree Drinks PLC
28 May 2020
 

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 [email protected] I +44 (0)7435 828 138

 

Media queries

Oliver Winters, Director of Communications I [email protected] 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)

Exercise Prices per share

Volumes


1. 0.25p

2. 0.25p

1. 68,561

2. 44,079

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Fevertree Drinks

Price: 2248

Market: AIM
Market Cap: £2.61 billion
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