FEVERTREE DRINKS PLC — Remuneration Information 2019

Nov 18, 2019

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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 8th 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 of share options granted	Performance period	Vesting period	Exercise price
Tim Warrillow	Chief Executive Officer	39,240	1 January 2019 to 31 December 2021	3 years commencing on 8 May 2019	0.25p per share
Andy Branchflower	Finance Director	25,226	1 January 2019 to 31 December 2021	3 years commencing on 8 May 2019	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 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, 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. 0.25p 2. 0.25p	1. 39,240 2. 25,226

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

8th 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.

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