London Stock Exchange welcomes The Artisanal Spirits Company plc to AIM

London Stock Exchange today welcomes The Artisanal Spirits Company plc (ASC), 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, to AIM under the ticker “ART”.

Based in Edinburgh, SMWS was established in 1983 and currently has a growing worldwide membership of approximately 28,000 paying subscribers.

SMWS provides these members with inspiring experiences and exclusive access to a vast and unique range of outstanding single cask Scotch malt whiskies and other spirits from over 20 countries.

ASC is building a portfolio of premium brands that bring together some of the world’s best producers with a growing movement of discerning consumers.

 The fundraising raised gross proceeds of £15.0 million for ASC, which will have a market cap on admission of approximately £77.96 million based on the offer price of 112p per share. The net proceeds will primarily be used to fund further investment in whisky and other spirits stock, and in cask wood; the promotion of membership and business growth; existing and new venues; brand and digital development; and supply chain optimisation.

David Ridley, Managing Director, said: “The successful fundraise and move onto the public markets, which gave our loyal and discerning members the opportunity to become shareholders, is an exciting landmark for both ASC and SMWS. Our members are at the heart of everything we do, and we believe our status on AIM will enable us to access the capital required to bring them an even wider variety of premium, limited edition whiskies, spirits and inspiring experiences.  

 “ASC is a distinctive, fast growth, direct to consumer online business with high barriers to entry, operating in an industry with strong tailwinds. With a clear vision for the future, we believe our company is at a significant inflection point in its development, and are thrilled by the prospect of sharing our success with our new shareholders. 

“I would like to take this opportunity to thank our team as well as our members, suppliers and investors for their support over the years. They have made ASC and SMWS what they are today and I look forward to moving into this exciting new chapter in our story with them all.” 

Advisers to the Company 

N+1 Singer – Nominated Adviser and Sole Broker
Dickson Minto W.S – Legal advisers 
Alma PR – Financial PR adviser
 

Quick facts

Track
Market: AIM
Instrument market cap (£m)
60.91
Listing/Admission to trading
04 Jun 2021
Looking for new and recent issues?

More recent

London Stock Exchange Group welcomes City Giving Day celebrating volunteering and philanthropy in the City of London

City Giving Day is The Lord Mayor’s Appeal’s annual celebration of philanthropy and giving which provides City organisations with an opportunity to reflect on everything they do to support their local communities and charities.

Championed by successive Lord Mayors of the City of London, City Giving Day has gone from strength to strength with a record 500 companies taking part this yea

Learn more
London International Shipping Week 2021

London International Shipping Week 2021 (LISW21) is seen throughout the world as the ‘must attend’ international maritime event of the year. London is the historic centre of global trade and world shipping and stands at the heart of international commerce. Its long-standing maritime institutions have been servicing the global shipping industry for centuries and that role co

Learn more
57.28
London Stock Exchange welcomes LungLife AI

London Stock Exchange welcomes LungLife AI, Inc. to trading on AIM. In July 2021 LungLife successfully raised gross proceeds of £17 million and the Company’s market capitalisation on admission was £45 million with a free float of 50.6%. 

LungLife AI’s mission is to make a significant impact in the early detection of lung cancer. The Company is a develop

Learn more
33.56
London Stock Exchange welcomes Likewise Group plc to AIM

Likewise is a UK distributor of both domestic and commercial floorcoverings and matting. It is challenging the established competitors in the industry by providing access to a wide choice of flooring from multiple manufacturers across the globe at competitive prices for its customers. The Directors believe they have an opportunity to build a

Learn more