Sale of Ordinary Shares in Fever-Tree

RNS Number : 3828J

Fevertree Drinks PLC

02 April 2015

 

2^nd April 2015

Fevertree Drinks plc ("Fever-Tree")

Sale of Ordinary Shares in Fever-Tree

Fever-Tree, the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, has been informed that LDC (Managers) Limited ("LDC"), acting as investment manager on behalf of LDC II LP, LDC Parallel II LP and LDC Equity II LP, has sold an aggregate of 5,956,487 ordinary shares today representing c.5.17 per cent. of the total number of voting rights in the Group (the "Transaction"). Following the Transaction, the funds managed by LDC as named above continue to hold 5,956,486 ordinary shares or c.5.17 per cent. of the total voting rights in Fever-Tree. The remainder of the shares retained by LDC are now subject to a lock-in which has been extended to 1 July 2015.

For further information:

Fevertree Drinks plc	c/o FTI [phone]
Tim Warrillow, Co-founder and CEO
Charles Rolls, Co-founder and Executive Deputy Chairman
Andy Branchflower, Finance Director
FTI Consulting - Financial PR	[phone]
Jonathon Brill	[e-mail]
Georgina Goodhew
Tom Hufton
Investec Bank plc - Nominated Adviser and Broker	[phone]
Garry Levin
Duncan Williamson
Matt Lewis
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 approximately 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 70 per cent of the Group's sales were derived from outside of the UK in financial year 2014, with key overseas markets in the US and Europe.

 

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