The Artisanal Spirits Company plc
("ASC plc", the "Group" or the "Company")
Director Dealing
ASC plc (AIM:ART), announces that the Company was notified on 13 September 2024, that on 12 September 2024, Mark Bedingham, Non-Executive Director, sold 45,000 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares"), at a price of 43.0 pence per share.
Following the sale, Mark Bedingham will have a beneficial interest in 2,456,476 Ordinary Shares representing 3.48% per cent. of the issued share capital of the Company.
The Notification of Dealing Form required in accordance with Article 19.3 of MAR is set out below.
For further enquiries:
The Artisanal Spirits Company plc Andrew Dane, Chief Executive Officer Billy McCarter, Chief Financial Officer
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via Instinctif PR
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Panmure Liberum Limited (Nominated Adviser and Broker) Edward Thomas Dru Danford John More
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Tel: +44 (0) 20 3100 2222
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Instinctif Partners (Financial PR) Justine Warren Matthew Smallwood Hannah Scott |
Tel: +44 (0)20 7457 2020
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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 18,000 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.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mark Bedingham |
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2. |
Reason for the Notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The Artisanal Spirits Company plc |
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b) |
LEI |
213800KX7VF2YZQW1892 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares |
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Identification code |
GB00BNXM3P96 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
45,000 43.0 pence
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e) |
Date of the transaction |
12 September 2024 |
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f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
END