Director/PDMR Shareholding

RNS Number : 0701Z

Fevertree Drinks PLC

15 September 2020

 

Fevertree Drinks plc

 ( "Fever-Tree" or the "Company")

Director/PDMR Shareholding

Fever-Tree, the world's leading supplier of premium carbonated mixers, announces that on 14 September 2020, pursuant to the Company's 2016 and 2017 Long Term Incentive Plan, Tim Warrillow, Chief Executive Officer, and Andrew Branchflower, Chief Financial Officer, exercised options over 171,155 and 78,821 ordinary shares of 0.25 pence each ("Ordinary Shares") respectively. The Company was notified that, on 14 September 2020, Tim Warrillow and Andrew Branchflower subsequently sold 171,155 and 78,821 Ordinary Shares respectively at a volume weighted average price of 2,018.8 pence per Ordinary Share.  

Following this transaction, there is no change to their respective shareholdings in the Company. Tim Warrillow remains interested in 5,460,172 Ordinary Shares, representing approximately 4.7% of the Company's issued share capital. Andrew Branchflower remains interested in 141,488 Ordinary Shares, representing approximately 0.1% of the Company's issued share capital.

The exercise of these options has been satisfied by the Company's existing block listing arrangements.

For further information:

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 [phone]

Financial PR advisers - Finsbury

Faeth Birch [phone]; Chris Ryall [phone]; Amanda Healy [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 75 countries worldwide.

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 person discharging managerial responsibilities/person closely associated
a)	Name	1.  Tim Warrillow 2.  Andrew Branchflower
2	Reason for the notification
a)	Position/status	1.  Chief Executive Officer 2.  Chief Financial Officer
b)	Initial notification/Amendment	1.  Initial notification 2.  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	Exercise of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. 0.25p (exercise price) 171,155 Price(s) Volume(s) 2. 0.25p (exercise price) 78,821
d)	Aggregated information	Price(s) Volume(s) 1. 0.25p (exercise price) 171,155 Price(s) Volume(s) 2. 0.25p (exercise price) 78,821
e)	Date of the transaction	14 September 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Tim Warrillow 2.  Andrew Branchflower
2	Reason for the notification
a)	Position/status	1.  Chief Executive Officer 2.  Chief Financial Officer
b)	Initial notification/Amendment	1.  Initial notification 2.  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)	Price(s) Volume(s) 1. 2,018.8p 171,155 Price(s) Volume(s) 2. 2,018.8p 78,821
d)	Aggregated information	1.  n/a single trade 2.  n/a single trade
e)	Date of the transaction	14 September 2020
f)	Place of the transaction	London Stock Exchange

 

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