26th Jul 2017 07:00
Fevertree Drinks plc
("Fever-Tree" or the "Company")
Director / PDMR Shareholding
Fever-Tree, the world's leading supplier of premium carbonated mixers, announces that the Company was informed on 25 July 2017 that certain Directors of the Company as detailed below sold ordinary shares of 0.25 pence each in the capital the Company ("Ordinary Shares") in response to demand from institutional investors.
Director | Date of Transaction | Number of Ordinary Shares disposed of | Price at which the Ordinary Shares were disposed of | Beneficial holding of Ordinary Shares following this transaction | Beneficial holding of Ordinary Shares following this transaction (%) |
Tim Warrillow | 25/07/2017 | 1,500,000 | 1,925p | 6,184,352 | 5.4% |
Bill Ronald | 25/07/2017 | 50,000 | 2,083p | 392,771 | 0.3% |
Tim Warrillow and Bill Ronald have agreed that they will not, without Investec's prior written consent, dispose of further Ordinary Shares in the Company for a period of 12 months (subject to certain customary exceptions).
For further information:
Fevertree Drinks plc | c/o FTI +44 (0)20 3727 1000 |
Tim Warrillow, Co-founder and CEO | |
Andy Branchflower, Finance Director | |
Investec Bank plc - Nominated Adviser and Broker | +44 (0)20 7597 5970 |
Garry Levin | |
Matt Lewis | |
Alex Wright | |
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 over 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 56 per cent of the Group's sales were derived from outside of the UK in financial year 2016, with key overseas markets in the US and Europe.
ANNEX
The notifications below are provided in accordance with the requirements of the EU Market Abuse Regulations:
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Tim Warrillow | ||||
2. | Reason for the notification | |||||
a) | Position/status | Chief Executive 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 Identification code | Ordinary Shares of 0.25p each GB00BRJ9BJ26 | ||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
| N/A | ||||
e) | Date of the transaction | 25 July 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Bill Ronald | ||||
2. | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
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 Identification code | Ordinary Shares of 0.25p each GB00BRJ9BJ26 | ||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
| N/A | ||||
e) | Date of the transaction | 25 July 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Related Shares:
Fevertree