Fevertree Extends Share Buyback Programme
Why we think this is neutral
The RNS announcement is a general update on Fevertree's extension of its existing share buyback programme. While share buybacks can be viewed positively, the announcement does not contain any significant new information or financial updates that would warrant a more positive sentiment score.
Key Points
- Fevertree extends existing share buyback programme by £29 million
- Total buyback programme now £100 million
- Buyback to be conducted until 31 December 2025
- Investec Bank plc to continue executing the purchases
Summary
The premium mixer company has extended its share buyback programme, allowing it to repurchase up to £100 million of its own shares.
Fevertree Drinks PLC has announced a £29 million extension of its existing share buyback programme, taking the total programme to £100 million. The buyback will be conducted until 31 December 2025, with Investec Bank plc continuing to execute the purchases on the company's behalf. The buyback will be executed in accordance with the company's existing shareholder authority and relevant regulations.
GENERAL UPDATE