17th Feb 2025 09:29
Fevertree Drinks PLC - London-based maker of carbonated mixers - Launches share buyback worth up to GBP71 million. The buyback will be run by Investec Bank PLC. It will start on Monday and be completed by September 30. The buyback was first announced late last month alongside a US distribution agreement with Molson Coors. As part of that deal, Molson Coors purchased an 8.5% stake in Fevertree for GBP71.0 million, and Fevertree said it would return that full amount to shareholders via a share buyback.
Current stock price: 735.00 pence
12-month change: down 30%
By Tom Waite, Alliance News editor
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