Fever-Tree co-founders rake in £103m as they sell off a 2.6% stake

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Fever-Tree co-founders rake in £103m as they sell off a 2.6% stake in their drinks business

  • Charles Rolls, 61, and Tim Warrillow, 43, founded the business in 2004
  • They sold a higher stake than planned after significant demand from investors
  • The founders sold a total of 3m shares at £34.50 each

City & Finance Reporter for the Daily Mail

Fever-Tree co-founders Charles Rolls (right) and  Tim Warrillow (left)

Fever-Tree co-founders Charles Rolls (right) and  Tim Warrillow (left)

Fever-Tree co-founders Charles Rolls (right) and Tim Warrillow (left)

The pair behind Fever-Tree have raked in £103.5million after selling a chunk of shares.

Deputy chairman Charles Rolls, 61, and chief executive Tim Warrillow, 43, who founded the business in 2004, sold a higher stake than planned after significant demand for the drink mixer’s shares from investors.

The founders sold a total of 3million shares – a 2.6per cent stake – at £34.50 each, netting Rolls £69million and Warrillow £34.5million.

Fever-Tree’s shares have soared more than 2,000per cent since it listed on the London Stock Exchange less than four years ago.

Demand for its flavoured mixers, including elderflower tonic water and spiced orange ginger ale, have soared amid a boom for gin in the UK and overseas.

Rolls now holds about 7.1pc of the shares and Warrillow has 4.7pc.

Fever-Tree shares fell 2.8per cent, or 102p, to 3578p yesterday. 

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