REG - Artisanal Spirits Co - Grant of Options

Artisanal SpiritsAnnouncement

05/05/2023 07:15

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RNS Number : 5034Y  Artisanal Spirits Company PLC (The)  05 May 2023

5 May 2023

 

The Artisanal Spirits Company plc

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

 

Grant of Options

 

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 4 May 2023, it awarded 555,562 options
over new ordinary shares of 0.25 pence each in the Group ("Ordinary Shares")
to certain employees and directors of the Group under the Artisanal Spirits
Company plc Long Term Incentive Plan. This includes awards to Andrew Dane,
William McCarter, Rebecca Hamilton, Kai Ivalo, Alec Burrett and Douglas Aitken
as set out below.

 

 Name                  Title                                   Number of Options Granted  Exercise Price
 Dane, Andrew          Chief Executive Officer                  127,500                   £0.0025
 McCarter, William     Interim Finance Director                 38,500                    £0.0025
 Hamilton, Rebecca     Chief Marketing and Experience Officer   43,750                    £0.0025
 Ivalo, Kai            Spirits Director                         38,985                    £0.0025
 Burrett, Alec Edward  Director of Technology                   36,750                    £0.0025
 Aitken, Douglas       Company Secretary and Legal Counsel      12,317                    £0.0025

 

These options have been granted in line with the Group's Remuneration Policy
and are in the form of nominal cost share options each exercisable at the
nominal value of an Ordinary Share of 0.25p ("Nil-Cost Awards") and vest after
three years, subject to continued employment with the Group and achievement of
performance related vesting criteria relating to the share price of the
Company, the achievement of revenue targets and the achievement of EBITDA
targets.

 

Following the grant of these options, Andrew Dane is now interested in 978,300
share options in the Group, Billy McCarter is now interested in a total of
51,400 share options in the Group, Rebecca Hamilton is now interested in a
total of 432,550 share options in the Group, Kai Ivalo is now interested in a
total of 547,985 share options in the Group, Alec Burrett is now interested in
a total of 36,750 share options in the Group and Douglas Aitken is now
interested in a total of 23,905 share options in the Group.

 

Following this grant there are a total of 5,250,785 share options granted over
unissued Ordinary Shares granted to directors and employees, representing
7.53% of the Group's current ordinary share capital of 69,776,774 Ordinary
Shares.

 

The below notifications made in accordance with the requirements of the UK
Market Abuse Regulation provide further detail:

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Andrew Dane
 2.  Reason for the Notification
 a)  Position/status                                              Chief Executive Officer
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  127,500

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         William McCarter
 2.  Reason for the Notification
 a)  Position/status                                              Interim Finance Director
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  38,500

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Rebecca Hamilton
 2.  Reason for the Notification
 a)  Position/status                                              Chief Marketing and Experience Officer
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  43,750

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Kai Ivalo
 2.  Reason for the Notification
 a)  Position/status                                              Spirits Director
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  38,985

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Alec Burrett
 2.  Reason for the Notification
 a)  Position/status                                              Director of Technology
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  36,750

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

 

 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
 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 a conditional award under the Artisanal Spirits Company plc 2021
                                                                  Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  nil pence  12,317

 
 d)  Aggregated information:

     ·     Aggregated volume                                      N/A - single transaction

     ·     Price
 e)  Date of the transaction                                      4 May 2023
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·     Aggregated volume

·     Price

 

N/A - single transaction

 

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

Outside a trading venue

 

For further enquiries:

 

 The Artisanal Spirits Company plc                        via Instinctif PR

 Andrew Dane, Chief Executive Officer

 Bill McCarter, Interim Finance Director

 Liberum Capital Limited - Nominated Advisor and Broker   020 3100 2222

 Clayton Bush

 Edward Thomas

 Miquela Bezuidenhoudt

 Instinctif Partners (Financial PR)

 Justine Warren                                           020 7457 2020

 Matthew Smallwood

 Joe Quinlan

 

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 37,400 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, with current stocks 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 limited-edition and 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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