Wednesday, 26 July 2017

Fever-Tree drinks boss makes £29m windfall after selling 1.5m shares



One of the founders of drinks firm Fever-Tree is toasting a cool £29m windfall after selling 1.5m shares.

 
Tim Warrillow, who co-founded the group with Charles Rolls in 2004, said he was responding to demand from big investors for shares in the firm.


The move reduces his stake to 5.4% and comes after Mr Rolls banked £73m through selling shares in May.


Shares in the firm, best known for its tonic water, have soared more than 1,000% since 2014.


This year alone shares in the group, which also sells mixers such as ginger beer and Sicilian lemonade, have risen by more than 50%.
Fever-Tree's international sales have expanded rapidly, and more than 50% of its revenues now come from outside the UK.


The US, Spain and Belgium are key overseas markets.




BBC     News.