REG - Artisanal Spirits Co - Grant of Options and PDMR Dealing

Artisanal SpiritsAnnouncement

02/12/2022 16:15

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RNS Number : 4957I  Artisanal Spirits Company PLC (The)  02 December 2022

The Artisanal Spirits Company plc

 

("The Artisanal Spirits Company" or the "Company")

 

Grant of Options and PDMR Dealing

 

The Artisanal Spirits Company (AIM: ART), the owner of The Scotch Malt Whisky
Society ("SMWS"), the leading curator and provider of premium single cask
Scotch malt whisky and other spirits for sale primarily online to a discerning
global membership, announces that on 30 April 2022 the Company granted options
over 11,588 ordinary shares of £0.0025 each in the Company (the "Options") to
Douglas Aitken, Company Secretary and Legal Counsel.

 

The Options were awarded pursuant to The Artisanal Spirits Company plc 2021
Long-Term Incentive Plan and have an exercise price of £0.0025 equivalent to
the nominal value of the Company's ordinary shares. The Options vest on the
third anniversary of the date of grant, subject to performance conditions
relating to the FY24 performance of the Company.

 

Following the award, Douglas Aitken will have a beneficial interest in 1,100
Ordinary Shares representing 0.0016% per cent. of the issued share capital of
the Company, and options (subject to meeting relevant conditions) over 11,588
Ordinary Shares.

 

The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation.

 

Enquiries:

 The Artisanal Spirits Company plc       via Instinctif Partners

 David Ridley, Managing Director

 Andrew Dane, Finance Director

 Singer Capital Markets                  020 7496 3000

 (Nominated Adviser & Sole Broker)

 Sandy Fraser

 Phil Davies

 George Tzimas

 Asha Chotai

 Instinctif Partners (Financial PR)      020 7457 2020

 Justine Warren

 Matthew Smallwood

 Sarah Hourahane

About The Artisanal Spirits Company

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.

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
 a)  Name                                                         Douglas Aitken
 2.  Reason for the Notification
 a)  Position/status                                              Company Secretary and Legal Counsel (PDMR)
 b)  Initial notification/Amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         The Artisanal Spirits Company plc
 b)  LEI                                                          213800KX7VF2YZQW1892
 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
 a)  Description of the Financial instrument, type of instrument  Options over Ordinary Shares of 0.25 pence each
     Identification code                                          GB00BNXM3P96
 b)  Nature of the transaction                                    Grant of Options under the Artisanal Spirits Company plc 2021 Long-Term
                                                                  Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)                                   Volume(s)
                                                                  Exercise price of 0.25p (nominal value)    11,588

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      30 April 2022
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

30 April 2022

f)

Place of the transaction

Outside a trading venue

 

 

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