COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: The Artisanal Spirits Company plc is the holding company of the Group, whose principal operating subsidiary, The Scotch Malt Whisky Society Limited ( SMWS ) trades under the Group s flagship brand The Scotch Malt Whisky Society. SMWS is the leading curator and provider of premium single cask Scotch malt whisky and other spirits for sale primarily online to a discerning global membership. SMWS has a presence in over 30 international markets.
THE company behind the Scotch Malt Whisky Society is mulling a stock market flotation. Artisanal Spirits Company has appointed financial advisers to examine a possible initial public offering (IPO) on the Alternative Investment Market (AIM). The plans were revealed as Artisanal unveiled a new chairman and financial results, which showed a modest uptick in sales to £15 million in 2020, driven by a 30 per cent rise in e-commerce sales and growth at home and abroad. The company had generated sales of £14.8m the year before. Mark Hunter, the former chief executive of brewing giant Molson Coors, has been appointed chairman. He succeeds Paul Skipworth, who has moved into the post of deputy chairman.
Marine energy company Nova Innovation has launched a new project to produce Scotch whisky distilled by tidal power in the Sound of Islay.
It will install a series of underwater turbines between the isles of Islay and Jura in Scotland’s Inner Hebrides, creating clean, renewable power generated by the tide to power local whisky distilleries.
Nova said that the subsea turbines have no visual impact on the landscape, create no shipping or navigational hazard, and work in harmony with the marine environment.
The 3MW Oran na Mara project – Gaelic for song of the sea – follows the success of Nova’s tidal power scheme at Bluemull Sound that has been powering homes, businesses and the grid in Shetland since 2016.