Fevertree Drinks PLC Grant of Options (4830F)

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    [phone] 
  Adviser and Broker               5970 
 Garry Levin 
 Alex Wright 
 Matt Lewis 
 David Anderson 
 
 
 FTI Consulting - Financial    [phone] 
  PR                            1000 
 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     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

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May 18, 2017 02:01 ET (06:01 GMT)