Charles Rolls has sold another tranche of shares in the popular brand he co-founded 14 years ago, netting £82.5m.
Fever-Tree deputy chairman Charles Rolls has sold a 2.6% stake in the premium mixer brand he founded alongside Tim Warrillow in 2004.
In a statement released to the London Stock Exchange, Fever-Tree announced that Rolls had initially informed the company that he intended to sell 1.5 million shares.
However, due to significant demand from investors, Rolls decided to double the number of shares on offer and went on to sell 3 million, bagging himself an £82.5m payday.
Launched in 2004, the company went public in November 2014 and is now one of the world’s most popular mixer brands.
This is the second time in as many years that Rolls has completed a major share sale, having bagged himself £73m last year.
Rolls still holds an 8.6% stake in the company.
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