TIDMART
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 Exercise Price
Granted
Dane, Andrew Chief Executive 127,500 GBP0.0025
Officer
----------------------- ------------------ ---------------
McCarter, William Interim Finance 38,500 GBP0.0025
Director
----------------------- ------------------ ---------------
Hamilton, Rebecca Chief Marketing 43,750 GBP0.0025
and Experience
Officer
----------------------- ------------------ ---------------
Ivalo, Kai Spirits Director 38,985 GBP0.0025
----------------------- ------------------ ---------------
Burrett, Alec Director of Technology 36,750 GBP0.0025
Edward
----------------------- ------------------ ---------------
Aitken, Douglas Company Secretary 12,317 GBP0.0025
and Legal Counsel
----------------------- ------------------ ---------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- -----------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- -----------------------------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- -----------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- -----------------------------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- ---------------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- ---------------------------------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- -----------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- -----------------------------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- -----------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- -----------------------------------
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 Options over Ordinary Shares of
the Financial 0.25 pence each
instrument, type
of instrument
Identification GB00BNXM3P96
code
------------------------------- ------------------------------------
b) Nature of the Grant of a conditional award under
transaction 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
------------------------------- ------------------------------------
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
Clayton Bush
Edward Thomas
Miquela Bezuidenhoudt 020 3100 2222
Instinctif Partners (Financial PR)
Justine Warren
Matthew Smallwood
Joe Quinlan 020 7457 2020
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.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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END
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