TIDMFEVR

RNS Number : 6602T

Fevertree Drinks PLC

18 November 2019

18 November 2019

Fevertree Drinks plc

Grant of Options

Fevertree Drinks plc (the "Company") announces the grant of options over a total of 64,466 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company with an exercise price of 0.25 pence.

On 8(th) May 2019, 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 Executive   39,240      1 January      3 years       0.25p per 
                      Officer                       2019 to        commencing    share 
                                                    31 December    on 8 May 
                                                    2021           2019 
                    ----------------  ----------  -------------  ------------  ---------- 
 Andy Branchflower   Finance           25,226      1 January      3 years       0.25p per 
                      Director                      2019 to        commencing    share 
                                                    31 December    on 8 May 
                                                    2021           2019 
                    ----------------  ----------  -------------  ------------  ----------

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 2019 awards.

The performance conditions are based on the achievement of targets linked to the Company's FY2021 turnover (as regards 75% of each award) and FY2021 adjusted EBITDA (as regards 25% of each award)

Taking account of previous grants, the total number of unvested options held by the Executive Directors detailed in this announcement, pursuant to the Company's LTIP, is as follows:

Tim Warrillow - 135,123 share options

Andy Branchflower - 75,395 share options

This includes the awards granted in 2017 and 2018, further details of which have been disclosed in the relevant Directors Remuneration Report.

For further information:

 
 Fevertree Drinks plc                     +44 (0)20 7349 4922 
 Tim Warrillow, Co-founder and CEO 
 Andy Branchflower, Finance Director 
  Oliver Winters, Communications & IR 
  Director 
 
 Numis Securities - Nominated Adviser 
  and Broker                             +44 (0)20 7260 1000 
 Garry Levin 
 Matt Lewis 
 Hugo Rubinstein 
 
 
 Investec Bank plc - Joint Broker    +44 (0)20 7597 5970 
 David Flin 
 Alex Wright 
 David Anderson 
 
 Brunswick Group                     +44 (0)20 7404 5959 
 Jonathan Glass 
 Fiona Micallef-Eynaud

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 70 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").

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations

 
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                                       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,  Ordinary shares of 0.25 pence 
     type of instrument                        each 
    Identification code                       GB00BRJ9BJ26 
b)  Nature of the transaction                 Grant of options 
c)  Price(s) and volume(s)                    Exercise Prices  Volumes 
                                                per share 
                                               1. 0.25p         1. 39,240 
                                                2. 0.25p         2. 25,226 
d)  Aggregated information                    N/A 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                   8(th) May 2019 
f)  Place of the transaction                  Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 18, 2019 02:00 ET (07:00 GMT)

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