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
Andrew Dane, Chief Executive
Officer
Billy McCarter, Chief Financial
Officer
|
via Instinctif PR
|
|
Liberum Capital Limited (Nominated Adviser and
Broker)
Edward Thomas
Dru Danford
John More
|
Tel: +44 (0) 20 3100 2222
|
|
Instinctif Partners (Financial PR)
Justine Warren
Matthew Smallwood
Joe Quinlan
|
Tel: +44 (0)20 7457 2020
|
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.