RCS - Artisanal Spirits Co - Update on Masterton Bond Facility & Investor Event

Artisanal SpiritsAnnouncement

15/11/2022 07:00

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RNS Number : 3751G  Artisanal Spirits Company PLC (The)  15 November 2022

RNS Reach

 

15 November 2022

 

The Artisanal Spirits Company plc

 

("The Artisanal Spirits Company", "ASC" or the "Group")

 

Update on Masterton Bond Facility

and

 MelloLondon Investor Event

 

The Artisanal Spirits Company (AIM: ART), curators of the world's favourite,
single-cask and limited-edition whisky, and owner of The Scotch Malt Whisky
Society ("SMWS"), is pleased to provide an update on progress of the Group's
Masterton Bond supply chain facility.

The Group also provides details of its participation in the forthcoming
MelloLondon Investor Event on Wednesday 16 November 2022 in Chiswick, London.

Masterton Bond Update

Good progress continues to be made in relation to the Group's new
multi-purpose supply chain facility at Masterton Bond, near Glasgow.
Progressing to schedule and on budget, the site has completed its construction
phase and moved to the commissioning phase, and has now commenced initial
bottling operations. The plan is for phased development over the coming months
and it is anticipated that the facility will be fully operational during Q1
2023 as planned, providing production, cask storage, fulfilment and
distribution of ASC's whisky and other spirit stock from this
state-of-the-art, new warehouse and supply chain facility.

It is anticipated that, once fully operational, this facility will improve
operating margins by c.2%, with the initial benefits expected to be gained
early in FY23.

Mello London Investor Conference

The Artisanal Spirits Company is also pleased to announce that the Group will
be presenting at the MelloLondon investor conference on Wednesday 16 November
2022, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4
5RY. David Ridley, Managing Director, and Andrew Dane, Finance Director, will
present to delegates and take questions at 10.15am and 2.55pm that day. For
further information and tickets (use code SH70 for 70% off ticket price) for
the MelloLondon conference, please visit the event website
at https://melloevents.com/mello-london-tickets/
(https://protect-eu.mimecast.com/s/eEOsCW6RwC6WAmKCOJhaF?domain=melloevents.com/)

David Ridley, Managing Director, commented:

"I am delighted to report that we continue to make good progress with our new
Masterton Bond supply chain facility which commenced initial production
operations this week.  This is an exciting milestone in ASC's continued
development which we are confident will deliver tangible operating margin
upside of around 2% in FY23."

 

For further information, please contact:

 The Artisanal Spirits Company plc                             via Instinctif Partners

 David Ridley, Managing Director

 Andrew Dane, Finance Director

 Singer Capital Markets (Nominated Adviser & Sole Broker)      020 7496 3000

 Sandy Fraser

 Rachel Hayes

 George Tzimas

 Asha Chotai

 Instinctif Partners (Financial PR)                            020 7457 2020

 Justine Warren

 Matthew Smallwood

 Sarah Hourahane

Notes to Editors:  The Artisanal Spirits Company (ASC) are curators of the
world's favourite, single-cask and limited-edition whisky.

 

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS) which was
established in 1983 and currently has a growing worldwide membership of just
over 36,000 paying members.

SMWS provides members with inspiring experiences, content and exclusive access
to a vast and unique range of outstanding single cask Scotch malt whiskies and
other craft spirits, sourced from over 100 distilleries in 20 countries and
expertly curated with diligence and care.

Since producing the Society's very first cask, we have created around 10,000
different whisky releases, producing a constant flow of unique and exciting
one-of-a-kind whiskies.

With proven e-commerce reach and new brands like J.G. Thomson, ASC is building
a portfolio of small-batch spirits brands for a global movement of discerning
consumers - delivering c. £20 million in annual revenues with over 80% of
revenue generated online and over 65% from outside the UK, with a growing
presence in the key global whisky markets including UK, China, USA and Europe.

ASC has a pioneering business model, a substantial and growing addressable
market presenting a long-term global growth opportunity and a strong and
resilient business, primed to deliver growth.

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