Fevertree Drinks toasts sparkling stock market performance by selling shares worth £29m

Fevertree Drinks toasts sparkling stock market performance by selling shares worth £29m
 

Co-founder and chief executive Tim Warrillow sold 1.5 million shares at 1925p each to meet demand from thirsty institutional investors. 
He retains a 5.4 per cent stake in the premium mixers business whose shares have rocketed from a 134p float price in November 2014 to yesterday’s 2160p record high. 
That means its value has increased from £154 million to £2.5 billion. 
Mr Warrillow said: “The really encouraging thing is that we are seeing growth across all regions.
“In the UK [the mixer category] is now the fastest-growing soft drink category, growing at 17pc in the first half of the... read more

 
27 July 2017 in Business, Views: 47
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