REG - Artisanal Spirits Co - AGM Results

Artisanal SpiritsAnnouncement

22/05/2024 12:30

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RNS Number : 4959P  Artisanal Spirits Company PLC (The)  22 May 2024

 

22 May 2024

 

The Artisanal Spirits Company plc

 

("The Artisanal Spirits Company", "ASC" or "the Group")

 

AGM Results

 

The Artisanal Spirits Company (AIM: ART), creator of outstanding,
limited-edition whiskies and experiences around the world, and owner of The
Scotch Malt Whisky Society, Single Cask Nation & J.G. Thomson, announces
that at its Annual General Meeting ("AGM") held today, all resolutions were
duly passed.

 

The results of the poll for each resolution put to shareholders at the AGM are
set out below:

 

 Resolution                                                        For         % for  Against    % against  Votes withheld
 1. To receive and consider the Annual report and accounts 2023    28,586,042  100    0          0          1,785
 2. To approve the Directors' remuneration report                  28,246,448  98.81  341,379    1.19       0
 3. To re-elect Lesley Jackson                                     27,493,562  96.38  1,033,054  3.62       61,211
 4. To re-elect Andrew Dane                                        27,491,169  96.17  1,095,607  3.83       1,051
 5. To elect Billy McCarter                                        27,497,302  96.19  1,089,474  3.81       1,051
 6. To re-appoint Mazars LLP as Auditor                            28,508,053  99.72  79,774     0.28       0
 7. To authorise the Board of Directors to set the Auditors' fees  28,585,668  99.99  241        0.00       1,918
 8. To authorise the Directors to allot further shares             27,494,973  96.18  1,091,605  3.82       1,249
 9. To disapply pre-emption rights                                 25,229,072  88.26  3,354,828  11.74      3,927

 

Notes

As at 20 May 2024, being the date which shareholders had to be on the register
to be eligible to vote, there were 70,559,774 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

A recording of the AGM and a document responding to the questions raised will
be available shortly on the Company's website at www.artisanal-spirits.com.

For further enquiries:

 The Artisanal Spirits Company plc                        via Instinctif PR

 Andrew Dane, Chief Executive Officer

 Billy McCarter, Chief Financial Officer
 Liberum Capital Limited (Nominated Adviser and Broker)   Tel: +44 (0) 20 3100 2222

 Edward Thomas

 Dru Danford

 John More
 Instinctif Partners (Financial PR)                       Tel: +44 (0)20 7457 2020

 Justine Warren

 Matthew Smallwood

 Joe Quinlan

 

Notes to Editors:

About The Artisanal Spirits Company

ASC's purpose is to captivate a global community of whisky adventurers,
creating and selling outstanding, limited-edition whiskies and experiences
around the world with an ambition to create a high quality, highly profitable
and cash generative, premium global business.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS), Single
Cask Nation (SCN) and J.G. Thomson (JGT). Owning over 17,000 casks primarily
comprising Single Malt Scotch Whisky, ASC's stock includes outstanding whisky
(and other spirits) from 150 different distilleries across 20 countries which
is sold to members both as individual bottles and whole casks.

With an established global presence in some 30 countries, SMWS operates a
direct-to-consumer model (90% of revenue) primarily through e-commerce, in
addition to four member rooms in the UK. SMWS provides members with inspiring
experiences, content and exclusive access to a vast and unique range of
outstanding, expertly curated Scotch malt and other whiskies.

In January 2024, ASC acquired SCN which sources, curates and bottles
single-cask whiskies and other spirits selling both online and via traditional
retail channels to its following of over 10,000 whisky enthusiasts in the USA.
SCN also retails to key international whisky markets around the world.

Launched in the UK in late 2021, JGT has a focus on outstanding small batch
blended malt whiskies and other spirits, available both through
direct-to-consumer online sales and through traditional retail channels. The
award-winning brand has subsequently expanded into international markets.

With proven e-commerce reach and a growing family of brands, ASC is building a
portfolio of limited-edition and small-batch whisky and other spirits brands
for a global movement of discerning consumers - delivering revenue of £23.5
million in FY23, predominantly from outside the UK, with an expanding presence
in the other key global whisky markets including USA, China, Europe, Japan,
Australia and Taiwan.

ASC has a pioneering business model, a substantial and growing addressable
market presenting a long-term global opportunity and a strong and resilient
business primed to deliver growth.

 

 

 

 

 

 

 

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