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Highlights
Fevertree Drinks plc completed a share recently.
Shares were acquired at a range of market prices, with an average price established.
The company plans to cancel theshares as part of its ongoing programme.
Fevertree Drinks plc is a UK-based premium mixer producer supplying a wide range of carbonated beverages to markets worldwide. Its brand is positioned within the premium drinks sector, recognised for enhancing spirits with high-quality tonic waters, ginger ales, and other mixers. The company trades on the London Stock Exchange under ticker (LON:FEVR) and is a constituent of the FTSE AIM 100 Index, representing some of the largest firms listed on the Alternative Investment Market.
Share Programme Details
Earlier in the year, Fevertree announced a structured share programme. The plan authorised the of ordinary shares through its appointed broker, with the intention of cancelling those shares upon completion. This programme was approved under the authority granted at the company’s Annual General Meeting. The forms part of a strategy to reduce share capital while following a non-discretionary trading arrangement with the broker.
The programme has undergone adjustments to expand the scope of eligible shares for and is expected to continue until the end of the programme period.
Recent Share Activity
The company carried out a recent share through its broker. Shares were acquired within a range of market prices, with an established weighted average for the trading day. The shares are scheduled for cancellation, thereby reducing the overall number of shares in circulation.
Regulatory Compliance
All transactions under the programme are conducted in accordance with the Market Abuse Regulation as incorporated into UK law. The programme also aligns with the Listing Rules set by the Financial Conduct Authority. Trades are executed through the broker, acting independently to ensure compliance with regulatory requirements.
Fevertree ensures that all remain within the authority granted by shareholders, maintaining a transparent and legally compliant approach to capital management.
Corporate Outlook
Through its ongoing programme, Fevertree Drinks plc continues its planned share capital reduction. The structured demonstrate the company’s operational approach within the premium drinks sector while adhering to governance obligations. The cancellation of shares forms part of a consistent framework for managing the company’s share base.
