REG - Artisanal Spirits Co - Result of Annual General Meeting

Artisanal SpiritsAnnouncement

24/05/2023 10:00

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RNS Number : 5032A  Artisanal Spirits Company PLC (The)  24 May 2023

24 May 2023

 

The Artisanal Spirits Company plc

 

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

 

Result of Annual General Meeting

 

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 at its Annual General Meeting
("AGM") held today, all resolutions were duly passed.

The results of the poll for each resolution put to shareholders at the AGM are
set out below:

 Resolution                                                        For         % for  Against    % against  Votes withheld
 1. To receive and consider the annual report and accounts 2022    34,753,314  99.99  1,080      0.003%     1,521
 2. To approve the Directors' remuneration report                  34,641,923  99.99  3,115      0.009%     110,877
 3. To re-elect Paul Skipworth                                     34,514,701  99.99  3,473      0.010%     237,741
 4. To re-elect Mark Bedingham                                     34,754,314  99.99  1,080      0.003%     521
 5. To re-elect Gavin Hewitt CMG                                   34,754,314  99.99  1,080      0.003%     521
 6. To re-appoint Mazars LLP as Auditor                            34,754,314  99.99  1,080      0.003%     521
 7. To authorise the Board of Directors to set the Auditors' fees  34,753,779  99.99  1,615      0.005%     521
 8. To authorise the Directors to allot further shares             34,748,276  99.98  7,118      0.020%     521
 9. To disapply pre-emption rights                                 33,075,190  95.17  1,680,204  4.834%     521

 

Notes

As at 19 May 2023, being the date which shareholders had to be on the register
to be eligible to vote, there were 69,776,774 ordinary shares in issue.
Shareholders are entitled to one vote per share. Votes withheld are not votes
in law and so have not been included in the calculation of the proportion of
votes for and against a resolution.

A recording of the AGM and a document responding to the questions raised will
be available shortly on the Company's website at www.artisanal-spirits.com.

 

For further enquiries:

 

 The Artisanal Spirits Company plc                         via Instinctif PR

 Andrew Dane, Chief Executive Officer

 Billy McCarter, Chief Financial Officer

 Liberum Capital Limited -  Nominated Adviser and Broker   Tel: +44 (0) 20 3100 2222

 Clayton Bush

 Edward Thomas

 Miquela Bezuidenhoudt

 Instinctif Partners (Financial PR)                        Tel: +44 (0)20 7457 2020

 Justine Warren

 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
over 38,000 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, 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.£22 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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