Daily Mail

WE’RE IN FOR THE LONG-TERM, INSIST FEVER-TREE FOUNDERS

- by Laura Chesters

THE founders of Fever-Tree Drinks have insisted they are sticking with the business for the long-term, despite selling shares worth nearly £18m last month.

Chief executive Tim Warrillow, 41, sold 853,816 shares, worth £5.4m and executive deputy chairman Charles Rolls, 58, sold just over 1.9m shares for 635p each – or £12.3m.

The pair told the Daily Mail that they ‘remain fully committed to the long-term success of the business.’

The co-founders of the fizzy drink maker said that following its results roadshow with investors, there was ‘strong institutio­nal demand for shares’. They added the sell-off – around 10pc of each of their stakes – will help broaden its shareholde­r base.

The pair highlighte­d that they have ‘retained the majority of their holdings and remain the largest individual shareholde­rs in the group.’

After the share sale, Rolls still owns more than 17m shares worth around £113m while Warrillow has nearly 7.7m shares worth around £50m.

Last year Fever-Tree’s profits jumped 82pc to £17m.

Shares closed on Friday up 2p to 665p. The company floated at 134p a share in November 2014.

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