Gold prices hit fresh record highs ahead of Fed decision; copper retreats
LONDON - Fevertree Drinks plc, a premium carbonated mixers supplier, announced Thursday it is seeking shareholder approval to cancel its share premium account to create additional distributable reserves.
The proposed cancellation would support potential future share buybacks, dividend payments, and other corporate purposes, according to a company statement based on a press release.
The plan requires approval from shareholders at a General Meeting scheduled for October 17, 2025, at Reynolds Porter Chamberlain LLP’s London office, as well as subsequent court approval. The effective date is expected around November 12, 2025, pending court confirmation.
Fevertree clarified that the cancellation would not affect rights attached to ordinary shares nor change the number of shares in issue or their nominal value.
The announcement follows the company’s fiscal year 2025 interim results released earlier Thursday. A circular with details of the proposal has been posted on the company’s website and mailed to shareholders who requested paper copies.
Fevertree, which distributes its products to over 90 countries, supplies mixers for spirits including gin, vodka, rum, and whisky to both retail outlets and the hospitality sector.
The General Meeting will be held at 11:00 a.m., with shareholders planning to attend encouraged to notify the company in advance by email.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.