AGM Statement

RNS Number : 2918L

Distil PLC

03 July 2014

 

Thursday 3 July 2014

Distil plc

AGM Statement

Distil (AIM: DIS), owner of premium drinks brands including Blavod Black Vodka, Blackwoods Gin and Vodka, RedLeg Spiced Rum and Jago's Cream Liqueur will hold its Annual General Meeting today at its offices 39/40 Albemarle Street, London, W1S 4TE at 12.00pm.  At the meeting, Don Goulding, Executive Chairman will make the following statement:

"Since the beginning of the new financial year we have continued to make steady progress in developing our own brands and increasing their sales across the UK and international markets. Blackwoods Gin and RedLeg rum are outperforming the market and their categories.

We are in the process of launching the newly designed and reformulated Jago's Vanilla Cream Liqueur, made with premium vodka based on a recipe by Tom Jago. Jago's is made using real dairy cream and is perfectly placed to fill a niche in the market for cream based liqueurs and I'm pleased to report that it has been well received by a number of the UK retailers.

We have now identified, and agreed terms with, two US distributors covering Blackwoods, RedLeg and Blavod. We are currently awaiting approval from the authorities and once confirmed we will make a more detailed announcement. Our expectation is that approval will be granted by mid August. 

Overall market conditions vary significantly by country and region. The common theme of premium brands outpacing the overall market continues.

We will launch Diva vodka in our third quarter as planned."

For further Information:

Distil plc
Don Goulding Executive Chairman	Tel: [phone]
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin  Mark Brady	Tel [phone] /2268
SI Capital (Broker)
Andy Thacker Nick Emerson	Tel [phone]
Cadogan PR
Alex Walters	Tel: [phone]

About Distil

Distil plc (formerly Blavod Wines & Spirits) is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium Vodka, premium Gin, Vodka Vanilla Cream Liqueur and Spiced Rum and are called Blavod Original Black Vodka, Blackwoods Vintage Gin, Blackwoods Vodka, Diva Vodka, Jago's Cream liqueur and RedLeg Spiced Rum.

www.distilplc.com

 

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