Fevertree Drinks ( (GB:FEVR) ) has shared an update.
Fever-Tree Drinks PLC has announced the extension of its share buyback program by £29 million, bringing the total to £100 million. The extension, facilitated by Investec Bank, will continue until the end of 2025, allowing the company to repurchase ordinary shares under pre-set parameters, potentially impacting its market positioning and shareholder value.
More about Fevertree Drinks
Fever-Tree is the world’s leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, distributing to over 90 countries. Founded in 2005 and based in the UK, the company offers a range of high-quality mixers catering to the demand for premium spirits, including gin, vodka, rum, and whisky, serving both on-trade venues like hotels and bars, and off-trade retail outlets.
YTD Price Performance: 21.66%
Average Trading Volume: 9,671
Technical Sentiment Signal: Buy
Current Market Cap: $1.26B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.