Fevertree Drinks PLC has announced the issuance of options over 252,436 ordinary shares in the company, with an exercise price of 0.25 pence. These options were granted to the Executive Directors, Tim Warrillow and Andy Branchflower, as part of the Long Term Incentive Plan. The options are linked to performance conditions and have a vesting date of 3 May 2027. The maximum number of shares that could be issued to each director upon full satisfaction of the performance conditions was specified.
Fevertree Drinks PLC is the world's leading supplier of premium carbonated mixers for alcoholic spirits, with distribution to over 85 countries worldwide. The brand was launched in 2005 to cater to the growing demand for premium spirits, particularly gin, and now sells a range of carbonated mixers to both the On Trade and Off Trade sectors.
For further information, investor queries can be directed to Ann Hyams, Director of Investor Relations, and media queries to Oliver Winters, Director of Communications. The company's Nominated Advisor and Broker is Investec Bank plc, and its Corporate Broker is Morgan Stanley & Co. International plc. Financial PR advisers are FGS Global.
The notification and public disclosure of the transactions by the Executive Directors were made in accordance with the Market Abuse Regulations. The details of the transactions, including the names of the persons discharging managerial responsibilities, the nature of the transaction, and the date of the transaction, were provided in the announcement.
This news provides insight into Fevertree Drinks PLC's efforts to incentivize and reward its Executive Directors, as well as an overview of the company's position as a leading supplier of premium carbonated mixers for alcoholic spirits.