AGM Results

About this update from Artisanal Spirits Company Plc

  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.              

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