Grant of Options

RNS Number : 4830F

Fevertree Drinks PLC

18 May 2017

 

18 May 2017

Fevertree Drinks plc

Grant of Options

Fevertree Drinks plc (the "Company") announces the grant of options over a total of 84,582 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company at nil cost with an exercise price of 0.25 pence.

On 16 May 2017 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 period	Exercise price
Tim Warrillow	Chief Executive Officer	55,856	1 January 2017 to 31 December 2019	3 years commencing on 16 May 2017	0.25p per share
Andy Branchflower	Finance Director	28,726	1 January 2017 to 31 December 2019	3 years commencing on 16 May 2017	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 2017 awards.

The performance conditions are based on the achievement of targets linked to the Company's FY2019 turnover and FY2019 adjusted EBITDA.

For further information:

Fevertree Drinks plc	c/o FTI [phone]
Tim Warrillow, Co-founder and CEO
Andy Branchflower, Finance Director
Investec Bank plc - Nominated Adviser and Broker	[phone]
Garry Levin
Alex Wright
Matt Lewis
David Anderson

FTI Consulting - Financial PR	[phone]
Jonathon Brill	[e-mail]
Oliver Winters
Georgina Goodhew

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.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

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.   Finance Director
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	N/A
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. Nil Cost Options 2. Nil Cost Options 1. 55,856 2. 28,726
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 84,582 Price: Nil cost options
e)	Date of the transaction	16 May 2017
f)	Place of the transaction	Outside a trading venue

 

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