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 [e-mail] I [phone]

Media queries

Oliver Winters, Director of Communications I [e-mail] I [phone]

Nominated Advisor and Joint Broker - Numis Securities

Garry Levin I Matt Lewis I Hugo Rubinstein I [phone]

Joint Broker - Investec Bank plc

David Flin I Alex Wright I David Anderson I [phone]

Brunswick Group                                                                        

Jonathan Glass | Fiona Micallef-Eynaud | [phone]

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

 

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