Fevertree Drinks PLC Director/PDMR Shareholding (6602T)
November 18 2019 - 2:00AM
UK Regulatory
TIDMFEVR
RNS Number : 6602T
Fevertree Drinks PLC
18 November 2019
18 November 2019
Fevertree Drinks plc
Grant of Options
Fevertree Drinks plc (the "Company") announces the grant of
options over a total of 64,466 ordinary shares of 0.25 pence each
("Ordinary Shares") in the Company with an exercise price of 0.25
pence.
On 8(th) May 2019, the following options were issued to the
Company's Executive Directors, pursuant to the Company's Long Term
Incentive Plan ("LTIP"):
Name Title Number Performance Vesting Exercise
of share period period price
options
granted
Tim Warrillow Chief Executive 39,240 1 January 3 years 0.25p per
Officer 2019 to commencing share
31 December on 8 May
2021 2019
---------------- ---------- ------------- ------------ ----------
Andy Branchflower Finance 25,226 1 January 3 years 0.25p per
Director 2019 to commencing share
31 December on 8 May
2021 2019
---------------- ---------- ------------- ------------ ----------
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 2019 awards.
The performance conditions are based on the achievement of
targets linked to the Company's FY2021 turnover (as regards 75% of
each award) and FY2021 adjusted EBITDA (as regards 25% of each
award)
Taking account of previous grants, the total number of unvested
options held by the Executive Directors detailed in this
announcement, pursuant to the Company's LTIP, is as follows:
Tim Warrillow - 135,123 share options
Andy Branchflower - 75,395 share options
This includes the awards granted in 2017 and 2018, further
details of which have been disclosed in the relevant Directors
Remuneration Report.
For further information:
Fevertree Drinks plc +44 (0)20 7349 4922
Tim Warrillow, Co-founder and CEO
Andy Branchflower, Finance Director
Oliver Winters, Communications & IR
Director
Numis Securities - Nominated Adviser
and Broker +44 (0)20 7260 1000
Garry Levin
Matt Lewis
Hugo Rubinstein
Investec Bank plc - Joint Broker +44 (0)20 7597 5970
David Flin
Alex Wright
David Anderson
Brunswick Group +44 (0)20 7404 5959
Jonathan Glass
Fiona Micallef-Eynaud
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. 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 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, Ordinary shares of 0.25 pence
type of instrument each
Identification code GB00BRJ9BJ26
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Exercise Prices Volumes
per share
1. 0.25p 1. 39,240
2. 0.25p 2. 25,226
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 8(th) May 2019
f) Place of the transaction Outside a trading venue
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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