Fevertree Drinks PLC - London-based manufacturer of premium drink mixers - Commences up to GBP30 million share buyback programme, set to run until no later than December 31. Notes that broker Investec Bank PLC will repurchase the shares on the company's behalf, with Fevertree planning to cancel any shares purchased.
Current stock price: 888.00 pence, up 2.0% on Monday morning in London
12-month change: up 15%
By Christopher Ward, Alliance News reporter
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Fevertree Drinks PLC is a United Kingdom-based supplier of carbonated mixers. The Company’s products include Premium Indian Tonic, Flavored Tonics, Ginger Ales, Ginger Beers and Colas, Lemonades, Sodas, Adult Soft Drinks and Cocktail Mixers. Its mixers include Margarita Mixer, Espresso Martini, Mojito Mixer, Premium Indian Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Premium Soda Water, Raspberry and Orange Blossom Soda, Mexican Lime Soda, Ginger Beer, Ginger ALE, Spiced Orange Ginger ALE, Sicilian Lemonade, and others. It sells its products to a range of markets, such as the United Kingdom, the United States, Europe, and the rest of the world. The Company's subsidiaries include Fevertree Limited, Fevertree USA Inc., Fevertree USA Holding Co. Inc., Fevertree USA Production Co. Inc., Fevertree US Limited, Fevertree ROW Limited, GDP Global Drinks Partnership GmbH, Powell & Mahoney Ltd, Fevertree Germany Limited, among others.
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