Fevertree Drinks PLC Grant of Options (4830F)
May 18 2017 - 2:01AM
UK Regulatory
TIDMFEVR
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 Performance Vesting Exercise
of share period period price
options
granted
------------------ ----------- ---------- ------------- ------------ -----------
Tim Warrillow Chief 55,856 1 January 3 years 0.25p
Executive 2017 to commencing per share
Officer 31 December on 16 May
2019 2017
------------------ ----------- ---------- ------------- ------------ -----------
Andy Branchflower Finance 28,726 1 January 3 years 0.25p
Director 2017 to commencing per share
31 December on 16 May
2019 2017
------------------ ----------- ---------- ------------- ------------ -----------
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:
c/o FTI +44 (0)20
Fevertree Drinks plc 3727 1000
Tim Warrillow, Co-founder and
CEO
Andy Branchflower, Finance
Director
Investec Bank plc - Nominated +44 (0)20 7597
Adviser and Broker 5970
Garry Levin
Alex Wright
Matt Lewis
David Anderson
FTI Consulting - Financial +44 (0)20 3727
PR 1000
Jonathon Brill fever-tree@fticonsulting.com
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 Ordinary shares of 0.25
instrument, type of instrument pence each
------------------------------- --------------------------------
Identification code GB00BRJ9BJ26
------------------------------- --------------------------------
b) Nature of the transaction Grant of options
------------------------------- --------------------------------
c) Price(s) and volume(s) Exercise Prices Volumes
per share
1. Nil Cost 1. 55,856
Options
2. Nil Cost 2. 28,726
Options
------------------------------- --------------------------------
d) Aggregated information Aggregated volume: 84,582
- Aggregated volume Price: Nil cost options
- Price
------------------------------- --------------------------------
e) Date of the transaction 16 May 2017
------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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