Artisanal Spirits Company PLC - Edinburgh, Scotland-based distiller of single-cask and limited-edition whiskies - Continues to make progress in relation to new multi-purpose supply chain facility at Masterton Bond, near Glasgow. Work is progressing according to schedule and on budget, it says. Has completed construction phase and moving to commissioning phase. Commences bottling operations. Expects facility to be fully operational during first quarter of 2023 as planned. Anticipates the facility will improve operating margins by around 2%, with benefits expected early in 2023 financial year.

"I am delighted to report that we continue to make good progress with our new Masterton Bond supply chain facility, which commenced initial production operations this week," Managing Director David Ridley says. "This is an exciting milestone in ASC's continued development."

Current stock price: 76.45 pence, up 3.3% in London on Tuesday

12-month change: down 29%

By Chris Dorrell; chrisdorrell@alliancenews.com;

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