Dealings in the Ordinary Shares commenced at 8.00 a.m. today, Friday 4 June 2021, under the ticker “ART”.

In conjunction with admission, the Company has successfully raised gross proceeds of £26 million in total from a combination of institutional and retail investors, including UK members of SMWS, at a price of £1.12 per Ordinary Share.

The fundraising raised gross proceeds of £15m for the company and £11m for certain selling shareholders.

The admission saw strong support from SMWS members, who invested £2.64m under the oversubscribed Member’s Offer. While a personal investment of £1m was made by the newly appointed chairman, Mark Hunter.

Upon Admission, the Company will have a market capitalisation (at the Offer Price) of approximately £77.96m.

David Ridley, executive managing director of the company, 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.”