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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has completed an equity issuance of over 10 million shares to Molson Coors, marking the culmination of a strategic partnership announced earlier. This move increases Molson Coors’ stake in Fevertree to 8.5% and aligns with Fevertree’s strategy to strengthen its market position. The new shares will begin trading on AIM, and the total number of ordinary shares will now be over 127 million.
More about Fevertree Drinks
Fever-Tree is the world’s leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution in over 90 countries. Based in the UK, it was launched in 2005 to provide high-quality mixers for the growing demand for premium spirits, including gin, vodka, rum, and whisky. The company sells its products to the hospitality sector as well as selected retail outlets.
YTD Price Performance: 9.11%
Average Trading Volume: 8,997
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.13B
For a thorough assessment of FEVR stock, go to TipRanks’ Stock Analysis page.
