REG - Fevertree Drinks PLC - Grant of Options <Origin Href="QuoteRef">FEVR.L</Origin>
RNS Number : 4830FFevertree Drinks PLC18 May 201718 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 of share options granted
Performance period
Vesting period
Exercise price
Tim Warrillow
Chief Executive Officer
55,856
1 January 2017 to 31 December 2019
3 years commencing on 16 May 2017
0.25p per share
Andy Branchflower
Finance Director
28,726
1 January 2017 to 31 December 2019
3 years commencing on 16 May 2017
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 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:
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
Alex Wright
Matt Lewis
David Anderson
FTI Consulting - Financial PR
+44 (0)20 3727 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 instrument, type of instrument
Ordinary shares of 0.25 pence each
Identification code
GB00BRJ9BJ26
b)
Nature of the transaction
Grant of options
c)
Price(s) and volume(s)
Exercise Prices per share
Volumes
1. Nil Cost Options
2. Nil Cost Options
1. 55,856
2. 28,726
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 84,582
Price: Nil cost options
e)
Date of the transaction
16 May 2017
f)
Place of the transaction
Outside a trading venue
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHDGGDUXSBBGRR
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