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Insitutional investors scoop up Fevertree

Fevertree co-founder and non-executive deputy chairman Charles Rolls sold 4.5m shares to institutional investors for a price below market value
June 9, 2017

The popularity of Fevertree 's (FEVR) shares have yet to wane, so much so that that one of the drinks makers founders decided to sell nearly twice as many shares in the company as originally intended. On 24 May 2017 the company stated that Charles Rolls, co-founder and non-executive deputy chairman, intended to sell 2.5m ordinary shares through an accelerated bookbuild placing to institutional investors. But demand from institutional investors was greater than anticipated, and so Mr Rolls ended up selling 4.5m ordinary shares.

IC TIP: Hold at 1,699p

The sale represents around 3.9 per cent of issued shares in Fevertree and were sold at 1,625p per share to institutional investors through Investec. Mr Rolls still holds just over 12.9m shares in the company, or 11.2 per cent of issued share capital, and will not dispose of any more shares for at least the next six months.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Action Hotels Alain Debare (ceo)31 May 17176,4384477,633430,3740.292
Anglo American Sir John Parker (ch)30 May 1762,6961057662,69762,6960.004
Aurora Investment Trust James Nelson26 May 1720,000200.7140,14240,0000.115
Better Capital  Jonathan Moulton30 May 17200,000111.25222,50027,923,80913.504
Biotech Growth Trust (The) Steven Bates26 May 1710,00071571,50010,0000.018
British Land Co Lucinda Bell (fd)26 May 176,84563343,3297,1040.001
British Land Co Chris Grigg (ceo)26 May 1711,66363373,82711,8220.001
British Land Co Charles Maudsley26 May 176,44563340,7976,5820.001
British Land Co Tim Roberts25 May 176,19663339,221486,8690.047
Caledonia Mining Corp Mark Learmonth (cfo)26 May 1714,2809713,852339,0300.642
Caledonia Mining Corp Leigh Wilson (ch)26 May 1724,20095.1239323,020239,2000.453
Daily Mail and General Trust Lord Rothermere (ch)26 May 1714,275694.399,11161,545,45818.252
Daily Mail and General Trust Tim Collier26 May 1714,250696.599,25114,2500.004
Daily Mail and General Trust Paul Zwillenberg (ceo)26 May 1714,36369199,24824,5240.007
EasyHotel♥ Jonathan Lane (ch)25 May 173,000952,850238,0000.237
EasyHotel♥ Jonathan Lane (ch)25 May 1710,000949,400248,0000.247
Gama Aviation♥ Peter Brown30 May 1710,00021821,80020,0000.045
HSBC Jonathan Symonds 30 May 1711,05067574,58832,8210.000
Henderson EuroTrust Ekaterina Thomson25 May 172,5001132.9628,3242,5000.012
Ibstock Jonathan Nicholls30 May 1710,000240.7624,07610,0000.002
Intermediate Capital  Rusty Nelligan29 May 1750,000925.05462,52550,0000.017
Kenmare Resources Graham Martin30 May 1718,090273.2549,43137,3200.034
Keywords Studios David Reeves30 May 171,260787.59,92329,9920.054
M Winkworth Dominic Agace (ceo)25 May 1718,00010919,620615,6284.835
Martin Currie Asia Unconstrained Trust♥ Harry Wells (ch)25 May 171,000378.843,78820,0000.055
Martin Currie Asia Unconstrained Trust Harry Wells (ch)26 May 173,000378.8411,36523,0000.064
Martin Currie Asia Unconstrained Trust Peter Edwards30 May 175,000386.5419,32710,0000.028
Mothercare Alan Parker (ch)31 May 17100,000120.25120,250562,4280.329
Mothercare Richard Rivers31 May 1760,00012172,600138,8690.081
Mothercare♥ Tea Colaianni31 May 1740,00012148,40040,0000.023
NEX♥  Charles Gregson (ch)26 May 179,309663.45361,761228,8120.060
PayPoint Rachel Kentleton (fd)26 May 171,245967.430612,0451,5970.002
Pets at Home  Sharon Flood26 May 1730,373164.619950,00030,3730.006
Renewi♥ Toby Woolrych (fd)26 May 177,86994.697,45182,5750.010
Renewi♥ Toby Woolrych (fd)26 May 178,92094.698,44691,4950.011
Renewi♥ Toby Woolrych (fd)26 May 1719,95394.6918,89374,7060.009
SThree Justin Hughes31 May 1732,500307.98100,094265,1480.206
Sequoia Economic Infrastructure Income Fund* Robert Jennings (ch)31 May 1736,200105.538,191217,2000.029
Sequoia Economic Infrastructure Income Fund* Sandra Platts31 May 175,687105.56,00016,1390.002
Stock Spirits  Diego Bevilacqua30 May 178,836168.514,88927,0180.014
Universe  Jeremy Lewis (ceo)30 May 17100,55810.7410,800267,2240.115
Value and Income Trust Matthew Oakeshott26 May 1725,00027568,7503,116,0436.841
VinaCapital Vietnam Opportunity Fund Steve Bates (ch)30 May 1725,000286.16571,54125,0000.012

 

 

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Card Factory♥ Darren Bryant (cfo)31 May 171,300,0003294,277,0003,181,7130.932
Card Factory Darren Bryant (cfo)31 May 171,300,0003294,277,0004,481,7131.313
Cerillion* Guy O'Connor26 May 17849,3681201,019,2422,391,8538.104
Cerillion* Louis Hall (ceo)26 May 173,100,0001203,720,0008,987,70930.453
Cerillion* Oliver Gilchrist (cfo)26 May 17250,632120300,758705,7902.391
City of London Investment  Barry Olliff (ceo)25 May 17225,000400900,0002,275,1868.453
Fevertree Drinks* Charles Rolls25 May 174,500,000162573,125,00012,927,50511.200
First Derivatives Keith MacDonald30 May 1710,0003065306,50045,7410.184
Gamma Communications Andrew Stone31 May 1713,000576.030874,884712,5000.764
Hastings Richard Brewster30 May 1750,000317158,5009,083,2221.382
Inchcape Til Vestring26 May 1725,000845.4702211,36839,7450.010
LondonMetric Property♥ Patrick Vaughan (ch)31 May 1715,500168.7526,15613,262,0001.914
Petards  Raschid Abdullah (ch)25 May 17122,50033.541,0381,158,9723.196
SophosKris Hagerman (ceo)25 May 17364,753421.21,536,3401,599,9170.348
SophosKris Hagerman (ceo)26 May 17121,626419.8510,5861,478,2910.321

*Placing/tender/open offer ♥Spouse/connected party