TIDMART
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/
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
David Ridley, Managing Director Partners
Andrew Dane, Finance Director
Singer Capital Markets (Nominated Adviser
& Sole Broker)
Sandy Fraser
Rachel Hayes
George Tzimas
Asha Chotai 020 7496 3000
Instinctif Partners (Financial PR)
Justine Warren
Matthew Smallwood
Sarah Hourahane 020 7457 2020
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. GBP20
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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