9 October 2024
Distil plc
("Distil" or the "Company")
Result of General Meeting; Directors' shareholdings
Distil plc (AIM:DIS), owner of premium drinks brands Blackwoods Gin and Vodka, RedLeg Spiced Rum, TRØVE Botanical Vodka and Blavod Black Vodka, announces that at the General Meeting held earlier today both the resolutions put to the meeting were duly approved by Shareholders on a poll:
| Resolution | Votes for† | % of shares voted | Votes against | % of shares voted | Votes Withheld |
| Resolution 1: To allot, inter alia, Second Tranche Placing Shares, Subscription Shares, Fee Shares and Placing Warrants | 349,617,322 | 97.93% | 7,393,781 | 2.07% | 80,000 |
| Resolution 2*: To disapply Statutory | 349,571,775 | 97.92% | 7,439,328 | 2.08% | 80,000 |
†Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
The Company is pleased to confirm that, as announced on 23 September 2024, following Shareholders' approval for the Resolutions as they relate to the issue of the Subscription Shares and the Second Tranche Placing Shares, together with the First Tranche Placing which completed on 26 September 2024, the Company has raised total gross proceeds of £0.65 million.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the 183,333,200 Subscription Shares, the 267,822,094 Second Tranche Placing Shares and the 6,250,000 Fee Shares (making a total of 457,405,294 shares) to trading on AIM. It is expected that admission will become effective and dealings in the Subscription Shares will commence on AIM at 8.00 a.m. on or around 11 October 2024.
The Subscription Shares, the Second Tranche Placing Shares and Fee Shares have been issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 1,453,030,539 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.
In addition, following Admission there will be 1,095,833,350 Placing Warrants in issue.
Directors' Shareholdings following Admission
On Admission, the revised shareholdings of the following Directors will be:
| Name | Position | Holding of Ordinary Shares | % of Enlarged issued share capital |
| Don Goulding | Executive Chairman | 26,666,600 | 1.84% |
| Roland Grain* | Non Executive Director | 380,285,707 | 26.17% |
* Held via Grain GmbH
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Announcement made by the Company at 0700 on 23 September 2024.
Enquiries:
For further information, please contact:
| Distil PLC |
|
| Don Goulding, Executive Chairman
| Tel: +44 203 283 4006 |
| SPARK Advisory Partners Limited (NOMAD) |
|
| Neil Baldwin Mark Brady | Tel: +44 203 368 3550 |
| Allenby Capital Ltd (Broker) |
|
| James Reeve/Piers Shimwell Jos Pinnington/Guy McDougall | Tel: +44 (0)20 3328 5656 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Don Goulding | ||||
| 2 | Reason for notification | |||||
| a) | Position / status | Executive Chairman | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Distil plc | ||||
| b) | LEI | 213800G6BJQ18CKXWF05 | ||||
| 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 the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each in Distil plc ISIN: GB0030164023 | ||||
| b) | Nature of the transaction | (1) Acquisition of ordinary shares of £0.001 each in a subscription; (2) Acquisition of placing warrants with a right to subscribe for ordinary shares of £0.001 at an exercise price of £0.0036 per share
| ||||
| c) | Price(s) and volumes(s)
|
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 9 October 2024 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Roland Grain (via Grain GmbH) | ||||
| 2 | Reason for notification | |||||
| a) | Position / status | Non Executive Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Distil plc | ||||
| b) | LEI | 213800G6BJQ18CKXWF05 | ||||
| 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 the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each in Distil plc ISIN: GB0030164023 | ||||
| b) | Nature of the transaction | (1) Acquisition of ordinary shares of £0.001 each in a subscription; (2) Acquisition of placing warrants with a right to subscribe for ordinary shares of £0.001 at an exercise price of £0.0036 per share
| ||||
| c) | Price(s) and volumes(s)
|
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of the transaction | 9 October 2024 | ||||
| f) | Place of the transaction | Outside a Trading Venue | ||||
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