Fevertree Drinks PLC announced that Domenic De Lorenzo, the Non-Executive Chairman, purchased 45,000 ordinary shares in the company at a price of £9.738 via the London Stock Exchange. The brand, launched in 2005, provides high-quality mixers catering to the growing demand for premium spirits. The company sells a range of carbonated mixers to hotels, restaurants, bars, and cafes as well as selected retail outlets in over 85 countries worldwide.
The notification provides details of the person discharging managerial responsibilities, the reason for the notification, and the details of the transaction. Domenic De Lorenzo's purchase of ordinary shares is disclosed, with the transaction date specified as January 25, 2024. The purchase was made at a price of £9.738 per share.
For further information, the company has provided contact details for investor and media queries, as well as details of the Nominated Advisor and Broker, Corporate Broker, and Financial PR advisers. This transaction reflects the confidence of a key company figure in the future prospects of Fevertree Drinks PLC.