Director/PDMR Shareholding

Fevertree Drinks

26/07/2017 07:01

RNS Number : 0745M

Fevertree Drinks PLC

26 July 2017

Fevertree Drinks plc

("Fever-Tree" or the "Company")

Director / PDMR Shareholding

Fever-Tree, the world's leading supplier of premium carbonated mixers, announces that the Company was informed on 25 July 2017 that certain Directors of the Company as detailed below sold ordinary shares of 0.25 pence each in the capital the Company ("Ordinary Shares") in response to demand from institutional investors.


Director
Date of Transaction
Number of Ordinary Shares disposed of
Price at which the Ordinary Shares were disposed of
Beneficial holding of Ordinary Shares following this transaction
Beneficial holding of Ordinary Shares following this transaction (%)
Tim Warrillow
25/07/2017
1,500,000
1,925p
6,184,352
5.4%
Bill Ronald
25/07/2017
50,000
2,083p
392,771
0.3%

Tim Warrillow and Bill Ronald have agreed that they will not, without Investec's prior written consent, dispose of further Ordinary Shares in the Company for a period of 12 months (subject to certain customary exceptions).

For further information:

Fevertree Drinks plc
c/o FTI +44 (0)20 3727 1000
Tim Warrillow, Co-founder and CEO
Andy Branchflower, Finance Director
Investec Bank plc - Nominated Adviser and Broker
+44 (0)20 7597 5970
Garry Levin
Matt Lewis
Alex Wright
David Anderson


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.

ANNEX

The notifications below are provided in accordance with the requirements of the EU Market Abuse Regulations:

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tim Warrillow
2.
Reason for the notification
a)
Position/status
Chief Executive Officer
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, 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)
1,925p
1,500,000
d)
Aggregated information
N/A
e)
Date of the transaction
25 July 2017
f)
Place of the transaction
London Stock Exchange

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bill Ronald
2.
Reason for the notification
a)
Position/status
Non-Executive Chairman
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, 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)
2,083p
50,000
d)
Aggregated information
N/A
e)
Date of the transaction
25 July 2017
f)
Place of the transaction
London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

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