Result of Annual General Meeting

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 Andrew Dane, Chief Executive Officer Billy McCarter, Chief Financial Officer	via Instinctif PR
Liberum Capital Limited -  Nominated Adviser and Broker Clayton Bush Edward Thomas Miquela Bezuidenhoudt	Tel: [phone]
Instinctif Partners (Financial PR) Justine Warren Matthew Smallwood Joe Quinlan	Tel: [phone]

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.

 

END