REG - Fevertree Drinks PLC - Grant of Options <Origin Href="QuoteRef">FEVR.L</Origin>

Fevertree DrinksAnnouncement

26/05/2016 07:07

RNS Number : 3435Z
Fevertree Drinks PLC
26 May 2016
26 May 2016
Fevertree Drinks plc
Grant of Options
Fevertree Drinks plc (the "Company") announces the grant of options over 294,688 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company at nil cost with an exercise price of 0.25 pence each in accordance with the Disclosure and Transparency Rules.
On 24 May 2016 the following options were issued to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"), the introduction of which was approved by the Company's shareholders at the Company's Annual General Meeting held on 21 April 2016 ("AGM"):
Name
Title
Number of share options granted
Performance period
Vesting period
Exercise price
Tim Warrillow
Chief Executive Officer
115,299
1 January 2016 to 31 December 2018
3 years commencing on 24 May 2016
0.25p per share
Charles Rolls
Executive Deputy Chairman
115,299
1 January 2016 to 31 December 2018
3 years commencing on 24 May 2016
0.25p per share
Andy Branchflower
Finance Director
50,095
1 January 2016 to 31 December 2018
3 years commencing on 24 May 2016
0.25p per share
Andy Branchflower
Finance Director
13,995
No performance condition
12 months commencing on 24 May 2016
0.25p per share
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 (if applicable) attached to the 2016 awards.
The performance conditions are based on the achievement of targets linked to the Company's (i) 2018 turnover and (ii) 2018 EBITDA.
For further information:
Fevertree Drinks plc
c/o FTI +44 (0)20 3727 1000
Tim Warrillow, Co-founder and CEO
Charles Rolls, Co-founder and Executive Deputy Chairman
Andy Branchflower, Finance Director
FTI Consulting - Financial PR
+44 (0)20 3727 1000
Jonathon Brill
Oliver Winters
Tom Hufton
Investec Bank plc - Nominated Adviser and Broker
+44 (0)20 7597 4000
Garry Levin
Matt Lewis
Symmie Swil
David Anderson

This information is provided by RNS
The company news service from the London Stock Exchange
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