Director dealings: Fevertree founders cash in on institution's thirst

24th Mar 2016 15:32

(ShareCast News) - The two founders of Fevertree Drinks have sold £17.7m worth of shares in the premium drinks mixers group.Charles Rolls, who is executive deputy chairman, sold 1.9m shares at 635p apiece, while chief executive Tim Warrilow, dumped 853,816 at the same price. The price is not far from February's all-time high of just under 700p. The company said the sales were in response to demand from institutional investors.Rolls still owns 17.4m shares, or 15.1% of the company's shares, while Warrilow has 7.7m, or 6.7% of the total.Earlier this month, the company, which floated on AIM in November 2014, posted a huge surge in annual profits from £2.5m to £16.8m as revenue grew 71% to £59.3m thanks to a strong performance across its geographical regions. The company declared a final dividend of 2.3p per share. Top Director BuysSdl (SDL)Director name: Collinson,GlennAmount purchased: 12,000 @ 426.35pValue: £51,162.00Anglo Pacific Group (APF)Director name: Treger,JulianAmount purchased: 40,000 @ 70.00pValue: £28,000.00Anglo Pacific Group (APF)Director name: Meier,PatrickAmount purchased: 36,181 @ 69.00pValue: £24,964.89Quadrise Fuels International (QFI)Director name: Duckels,IanAmount purchased: 112,593 @ 12.13pValue: £13,657.53Quadrise Fuels International (QFI)Director name: Duckels,IanAmount purchased: 112,593 @ 12.13pValue: £13,657.53Pittards (PTD)Director name: Hankey,Reg HAmount purchased: 7,000 @ 71.70pValue: £5,019.00Bankers Petroleum Ltd.(cdi) (BNK)Director name: French,DavidAmount purchased: 20,000 @ n/aValue: n/aTop Director SellsFevertree Drinks (FEVR)Director name: Rolls ,Charles TimothyAmount purchased: 1,936,389 @ 635.00pValue: £12,296,069.97Fevertree Drinks (FEVR)Director name: Warrillow ,Timothy (Tim) DanielAmount purchased: 853,816 @ 635.00pValue: £5,421,731.52Computacenter (CCC)Director name: Norris,Michael JAmount purchased: 162,500 @ 842.45pValue: £1,368,981.33Computacenter (CCC)Director name: Conophy,Tony Amount purchased: 92,422 @ 842.45pValue: £778,609.18Quadrise Fuels International (QFI)Director name: Duckels,IanAmount purchased: 164,880 @ 12.13pValue: £19,999.94