PicoZ

The founder of Fever Tree tonic water just made 73 million by selling shares

According to the company, Rolls sold 4.5 million shares at a price of £16.25. He had originally only planned to sell 2.5 million shares, but sold more "due to significant institutional demand."

Rolls retains a stake of 11.2% in the company.

Fever Tree launched in 2005 with the aim of providing "high quality mixers" to cater for the growing demand of premium spirits — gin in particular.

ADVERTISEMENT

In March, co-founder and chief executive Tim Warrilow told The Telegraph that the company had an "exceptional" year of sales growth.

Its revenue stood at £102.2 million in 2016, up 73% from £59.3 million in the previous year. Pre-tax profits also rose 105% to £34.3 million last year.

ncG1vNJzZmivp6x7scHLrJxnppdkr6p7y6Kdnqukrrmme8uinZ6rpK65pnnToZxmnp%2Bqu6Wx0Wamn2WWmsOmvoytqZ6dXam8r7XCZq6arJWneqvB0q1kppmUmnqxu9Snm3BrXaK2rbjIqKVmmqliwKa4y6KloGdhbcd6vcad

Billy Koelling

Update: 2024-08-25