REG - Fevertree Drinks PLC - Completion of Share Issuance to Molson Coors

Fevertree DrinksAnnouncement

05/02/2025 07:00

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RNS Number : 9219V  Fevertree Drinks PLC  05 February 2025

 

5 February 2025

Fevertree Drinks plc

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

Completion of Share Issuance to Molson Coors

 

Fevertree Drinks plc ("Fever-Tree" or the "Company") announces today the
completion of the issuance of equity to Molson Coors Beverage Company ("Molson
Coors") following the announcement of the strategic partnership between
Fever-Tree and Molson Coors on 30 January 2025.

As announced on 30 January 2025, the equity issuance of ordinary shares of
£0.0025 each in the Company ("Ordinary Shares") comprises the issuance of
10,856,628 Ordinary Shares (the "Issuance Shares") in the Company at an issue
price of 654.2 pence per Ordinary Share (together, the "Issuance").

Application has been made for the Issuance Shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission will become effective at 8.00
a.m. today, 5 February 2025. The Issuance Shares will be issued credited as
fully paid and will rank pari passu in all respects with the existing Ordinary
Shares.

Following Admission, the total number of Ordinary Shares in issue will be
127,615,093. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares with voting rights will be
127,615,093. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.

The resultant new significant shareholdings in the Company, following
completion of the Issuance, are set out below.

 Name                           Previous holding  Previous percentage holding of issued share capital  Resultant holding  Resultant percentage holding of enlarged issued share capital on Admission
 Molson Coors Beverage Company  -                 -                                                    10,856,628         8.5%

 

For further information:

 

Fever-Tree

Investor queries

Ann Morris-Gibbons, Director of Investor Relations I ann.hyams@fever-tree.com
(mailto:ann.hyams@fever-tree.com) I +44 (0)7435 828 138

Media queries

Oliver Winters, Director of Communications I oliver.winters@fever-tree.com
(mailto:oliver.winters@fever-tree.com) I +44 (0)770 332 9024

Nominated Advisor and Broker - Investec Bank plc

David Flin I +44 (0)20 7597 5970

Financial Adviser & Corporate Broker - Morgan Stanley & Co.
International plc

Henry Stewart I Andrew Foster I Jessica Pauley I +44 (0)20 7425 8000

Corporate Broker - Jefferies International Limited

Ed Matthews I Richard Taylor I +44 (0)20 7029 8000

Financial PR advisers - FGS Global

Faeth Birch +44 (0)7768 943 171; Anjali Unnikrishnan +44 (0) 7826 534 233

About Fever-Tree:

Fever-Tree is the world's leading supplier of premium carbonated mixers for
alcoholic spirits by retail sales value, with distribution to over 90
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 sells a range of carbonated mixers to hotels, restaurants,
bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").

Forward-looking statements

This Announcement may contain certain statements about the future outlook for
Fever-Tree.  Although the directors believe their expectations are based on
reasonable assumptions, any statements about future outlook may be influenced
by factors that could cause actual outcomes and results to be materially
different.

Additional information

This Announcement is made for information purposes only and does not
constitute an offer to sell or issue or solicitation to buy, subscribe for or
otherwise acquire shares in Fevertree Drinks plc in any jurisdiction in which
any such offer or solicitation would be unlawful.

The securities discussed herein are not and will not be registered under the
US Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States, unless registered under the Securities
Act, or pursuant to an exemption from, or in a transaction not subject to,
registration under the Securities Act. No public offering of the securities
discussed herein is being made in the United States and the information
contained herein does not constitute an offering of securities for sale in the
United States and the Company does not currently intend to register any
securities under the Securities Act.

 

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