Fevertree Drinks plc (FEVR), the premium mixer brand listed on the London Stock Exchange, has disclosed the purchase of 174,616 ordinary shares of £0.0025 each during the week of 2 to 6 November 2026, executed through its broker Investec Bank plc. The buyback was conducted under authority granted by shareholders at the company's 2025 Annual General Meeting held on 5 June 2025. All purchased shares are intended for cancellation, which will reduce the total number of ordinary shares in issue. Investors tracking Fever-Tree's capital allocation strategy may note this as a continuation of its ongoing buyback programme.

Key Points

  • Fevertree Drinks plc (FEVR) — premium tonic and mixer brand listed in London
  • The company purchased 174,616 ordinary shares in the week from 2 to 6 November 2026 via Investec Bank plc
  • Volume-weighted average prices ranged from 918.10p on 6 November to 934.57p on 5 November 2026; all purchases were made on XLON
  • Investors should watch for further buyback tranches and any update to the total shares-in-issue figure following cancellation

Fever-Tree Executes Five-Day Share Buyback via Investec Bank on London Exchange

Fevertree Drinks plc purchased ordinary shares across each of the five trading days from 2 to 6 November 2026, with all transactions conducted on XLON through Investec Bank plc. Daily aggregated volumes were broadly consistent, ranging from 34,446 shares on 3 November to 35,413 shares on 2 November. Volume-weighted average prices across the five sessions were 933.42p, 931.15p, 928.78p, 934.57p, and 918.10p respectively. The lowest single price paid across the week was 909.00p on 6 November, while the highest was 953.50p on 5 November, reflecting normal intraday price variation on the exchange.

Shareholder Authority Granted at 2025 AGM Underpins the Buyback Programme

The buyback activity was carried out in accordance with authority granted by shareholders at Fever-Tree's 2025 Annual General Meeting, held on 5 June 2025. Such shareholder-approved mandates are a standard mechanism under UK company law, permitting boards to repurchase shares within defined limits and price parameters. The disclosure was made in compliance with Article 5(1)(b) of Regulation (EU) No 596/2014, the Market Abuse Regulation, which forms part of domestic UK law following the European Union (Withdrawal) Act 2018. A full breakdown of individual trades executed by Investec is published alongside the announcement.

All Purchased Shares Earmarked for Cancellation, Reducing Shares in Issue

Fever-Tree has confirmed that all 174,616 ordinary shares purchased during the week are intended to be cancelled rather than held in treasury. Cancellation of repurchased shares reduces the total number of shares in circulation, which can mechanically increase earnings per share over time if profits remain stable. Fever-Tree is known internationally for its range of premium carbonated mixers, including tonic waters and ginger beers, and generates revenues across the UK, Europe, the United States, and other international markets. The company did not disclose the total remaining buyback capacity or programme size in this announcement.