REG - Artisanal Spirits Co - Director/PDMR Shareholding
09/05/2024 12:00
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RNS Number : 8256N Artisanal Spirits Company PLC (The) 09 May 2024
9 May 2024
The Artisanal Spirits Company plc
("The Artisanal Spirits Company", "ASC", "the Company" or "the Group")
Grant of Options
The Artisanal Spirits Company (AIM: ART), the 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 on 8 May 2024, it awarded 1,282,848 options over new ordinary
shares of 0.25 pence each in the Group ("Ordinary Shares") to certain
employees and directors of the Group under the Artisanal Spirits Company plc
Long Term Incentive Plan. This includes awards to Andrew Dane, William
McCarter, Kai Ivalo, Anne Phillips and Douglas Aitken as set out below.
Name Title Number of Options Granted Exercise Price
Dane, Andrew Chief Executive Officer 262,650 £0.0025
McCarter, William Chief Financial Officer 193,125 £0.0025
Ivalo, Kai Spirits Director 80,309 £0.0025
Anne Phillips Marketing Director 57,680 £0.0025
Aitken, Douglas Company Secretary & Legal Counsel 25,373 £0.0025
These options have been granted in line with the Group's Remuneration Policy
and are in the form of nominal cost share options each exercisable at the
nominal value of an Ordinary Share of 0.25p ("Nil-Cost Awards") and vest after
three years, subject to continued employment with the Group and achievement of
performance related vesting criteria relating to the share price of the
Company, the achievement of revenue targets and the achievement of EBITDA
targets.
Following the grant of these options, Andrew Dane is now interested in
1,240,950 share options in the Group, Billy McCarter is now interested in a
total of 299,775 share options in the Group, Kai Ivalo is now interested in a
total of 628,294 share options in the Group, Anne Phillips is now interested
in a total of 65,330 share options in the Group and Douglas Aitken is now
interested in a total of 48,940 share options in the Group.
Following this grant there are a total of 5,360,862 share options granted over
unissued Ordinary Shares granted to directors and employees, representing
7.60% of the Group's current ordinary share capital of 70,559,774 Ordinary
Shares.
The below notifications made in accordance with the requirements of the UK
Market Abuse Regulation provide further detail:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Dane
2. Reason for the Notification
a) Position/status Chief Executive Officer, Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Artisanal Spirits Company plc
b) LEI 213800KX7VF2YZQW1892
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.25 pence each
Identification code GB00BNXM3P96
b) Nature of the transaction Grant of a conditional award under the Artisanal Spirits Company plc 2021
Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 262,650
d) Aggregated information:
· Aggregated volume N/A - single transaction
· Price
e) Date of the transaction 8 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - single transaction
e)
Date of the transaction
8 May 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Billy McCarter
2. Reason for the Notification
a) Position/status Chief Financial Officer, Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Artisanal Spirits Company plc
b) LEI 213800KX7VF2YZQW1892
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.25 pence each
Identification code GB00BNXM3P96
b) Nature of the transaction Grant of a conditional award under the Artisanal Spirits Company plc 2021
Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 193,125
d) Aggregated information:
· Aggregated volume N/A - single transaction
· Price
e) Date of the transaction 8 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - single transaction
e)
Date of the transaction
8 May 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kai Ivalo
2. Reason for the Notification
a) Position/status Spirits Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Artisanal Spirits Company plc
b) LEI 213800KX7VF2YZQW1892
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.25 pence each
Identification code GB00BNXM3P96
b) Nature of the transaction Grant of a conditional award under the Artisanal Spirits Company plc 2021
Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 80,309
d) Aggregated information:
· Aggregated volume N/A - single transaction
· Price
e) Date of the transaction 8 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - single transaction
e)
Date of the transaction
8 May 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Anne Phillips
2. Reason for the Notification
a) Position/status Marketing Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Artisanal Spirits Company plc
b) LEI 213800KX7VF2YZQW1892
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.25 pence each
Identification code GB00BNXM3P96
b) Nature of the transaction Grant of a conditional award under the Artisanal Spirits Company plc 2021
Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 57,680
d) Aggregated information:
· Aggregated volume N/A - single transaction
· Price
e) Date of the transaction 8 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - single transaction
e)
Date of the transaction
8 May 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Douglas Aitken
2. Reason for the Notification
a) Position/status Company Secretary and Legal Counsel
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name The Artisanal Spirits Company plc
b) LEI 213800KX7VF2YZQW1892
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary Shares of 0.25 pence each
Identification code GB00BNXM3P96
b) Nature of the transaction Grant of a conditional award under the Artisanal Spirits Company plc 2021
Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 25,373
d) Aggregated information:
· Aggregated volume N/A - single transaction
· Price
e) Date of the transaction 8 May 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
N/A - single transaction
e)
Date of the transaction
8 May 2024
f)
Place of the transaction
Outside a trading venue
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
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.
Established in 1983, SMWS currently has a growing worldwide membership of over
41,000 paying members. 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 international markets including the UK, Germany, Sweden,
Japan, Israel and Canada.
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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