How to output variables from a multi-value field into html on a node tpl overrride
What you can do is to overwrite the field template.

To do that go and copy the field.tpl.php from core and rename it to field--features-ticked.tpl.php, and put it in your theme.

Then you can remove all the useless div's and classes.

EDIT : How to output the list items individually.

Let's say you have the array $content['field_features_ticked'], you can do like this.

&lt;ul&gt;
  &lt;?php foreach($content['field_features_ticked'] as $item) ?&gt;
    &lt;li&gt;&lt;?php print $item; ?&gt;&lt;/li&gt;
  &lt;?php endforeach; ?&gt;
&lt;/ul&gt;


This will create an unordered list, then loop through all the list items and print them out one by one.

NOTE: If you can't print out $item, you might do like this.

&lt;?php print $item[LANGUAGE_NONE][0]['value']; ?&gt;


Hope that is helps you out.