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An announcement from Fevertree Drinks ( (GB:FEVR) ) is now available.
Fever-Tree has initiated a share buyback programme with a maximum consideration of £71 million to reduce its share capital, following its strategic partnership with Molson Coors for US distribution and production. The buyback is being managed by Investec Bank, operating under pre-set parameters and existing shareholder authority, and is set to conclude by September 2025, potentially impacting the company’s stock structure and market positioning.
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 worldwide. Founded in 2005 and headquartered in the UK, the company focuses on high-quality mixers catering to the demand for premium spirits, specifically gin, vodka, rum, and whisky, selling to both on-trade venues like hotels and bars and off-trade retail outlets.
YTD Price Performance: 9.18%
Average Trading Volume: 9,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.18B
Learn more about FEVR stock on TipRanks’ Stock Analysis page.