7
May 2024
Fevertree Drinks
plc
Grant of
Options
Fevertree Drinks plc
(the "Company")
announces the grant of options over a total of 252,436 ordinary
shares of 0.25 pence each ("Ordinary Shares") in the Company with
an exercise price of 0.25 pence.
On 3 May 2024, the following options
were issued to the Company's Executive Directors, pursuant to the
Company's Long Term Incentive Plan ("LTIP"):
Name
|
Title
|
Number of share options granted
|
Performance period
|
Vesting Date
|
Exercise price
|
Tim Warrillow
|
Chief Executive Officer
|
150,133
|
1 January 2024 to 31 December
2026
|
3 May 2027
|
0.25p per share
|
Andy Branchflower
|
Chief Financial Officer
|
102,303
|
1 January 2024 to 31 December
2026
|
3 May 2027
|
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 2024 awards.
Ends
For
further information:
Investor queries
Ann Hyams, Director of Investor
Relations I ann.hyams@fever-tree.com I +44
(0)2045 168 106
Media queries
Oliver Winters, Director of
Communications I oliver.winters@fever-tree.com I +44 (0)770 332 9024
Nominated Advisor and Broker -
Investec Bank plc
David Flin I +44 (0)20 7597
5970
Corporate Broker - Morgan Stanley
& Co. International plc
Andrew Foster I Jessica Pauley I +44
(0)20 7425 8000
Financial PR advisers - FGS
Global
Faeth Birch +44 (0)7768 943 171 I
Anjali Unnikrishnan +44 (0)7826 534 233
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 85 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. 150,133
2. 102,303
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
e)
|
Date of the transaction
|
3 May 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|