GlenWyvis Distillery, a social enterprise which is 100% community owned and based in Dingwall in Ross-shire, Scotland, has released two new bond offers which will deliver a fixed annual interest rate of up to 6.25%.
The bond offers from GlenWyvis Distillery have been released to allow investors to capitalise on the Social Investment Tax Relief (SITR) which was extended by HMRC until 5th April 2023. These bonds will therefore be eligible for 30% tax relief (SITR), allowing holders who are UK taxpayers to offset a percentage of the purchase from their tax liability.
The bonds, Series B and Series C, will enable the GlenWyvis Distillery to raise £1.5 million which will be used to execute its long-term vision. Critical to the vision is the ability to increase spirit production and, in turn, increase the stockpile of maturing spirit to enable GlenWyvis Distillery to compete in an international market and satisfy demand for premium single malt Highland whisky bottled at 10 years old or more. GlenWyvis Distillery also aims to open a visitor centre and bottling plant.
The details of the bond offers are as follows:
This offer will attract a fixed annual interest rate of 5.5% over five to seven years.
Offered as unsecured loan notes in multiples of £1,000, interest will be paid every six months, and notes will be eligible for redemption in three tranches on the fifth, sixth and seventh anniversary of issue (2028-2030).
This offer will attract a fixed annual interest rate of 6.25% over eight to ten years.
Offered as unsecured loan notes in multiples of £1,000, interest will be paid every six months, and notes will be eligible for redemption in three tranches on the eighth, nineth and tenth anniversary of issue (2031-2033).
Speaking about the bond offers, David Graham, Chairman of GlenWyvis Distillery Community Benefit Society, said: “More than 3,000 like-minded people invested in GlenWyvis to create the first ever 100% community-owned distillery in 2016 and we are one of the largest registered community benefit societies in the United Kingdom.
“We have a clear vision and these bond offers will provide the capital required to execute the business plan to realise our ambition. Our previous bond offer in 2021 was extremely popular and I am confident that Series B and C offer a competitive investment opportunity, particularly if taken out before April 5th when the SITR comes to an end.”
The bond offers are only open to shareholders. However, interested potential investors are encouraged to consider becoming a member which can be done via an online application for a minimum shareholding of £250.
More details about the bond offer and becoming a member of GlenWyvis Distillery Community Benefit Society can be found at https://www.glenwyvis.com/investment/
In 2021, GlenWyvis Distillery launched Dingwall’s first whisky in almost a century with its inaugural three-year-old GlenWyvis Highland Single Malt Scotch Whisky. Its second release followed in 2022. The Distillery has also won industry awards for its GoodWill Gin.
This year, GlenWyvis Distillery Community Benefit Society launched the GoodWill Fund to benefit good causes in the local community. Funded by 5% of all online sales of GlenWyvis whisky and gin, £10,000 was made available for communities and organisations in Ross-shire to apply for. A further two rounds of funding will be launched throughout 2023, making a total of £30,000 available this year, with further funding rounds being launched each year.
Wednesday 31st August – Edrington, the international premium spirits company has announced the appointment of a new Master Blender for The Famous Grouse.
Craig Johnstone is a Scot who brings nineteen years of industry experience to the role in the UK and most recently in Tasmania. He returns to Scotland to take on one of the most prestigious roles in the industry as the blender behind the UK’s No 1 Whisky.
Craig follows in the footsteps of renowned Master Blenders including Gordon Motion and Kirsteen Campbell. The 37-year-old has become one of a select few people who know the unique blend of whiskies that combine to form Scotland’s favourite whisky and holder of a Royal Warrant.
The role will be based at Edrington’s famous ‘106 Sample Room’ in Glasgow, where an estimated 11,000 samples of single malts, grains and blends are stored and where a team of blenders nose up to 600 samples a day to guarantee the aroma, flavour and character of The Famous Grouse blend.
After completing a degree in astrophysics, Craig’s first job was as a Scotch Whisky distillery tour guide. The experience led him to focus his ambitions on the industry and develop an interest in sustainability in spirits distillation.
As Master Blender, Craig will work with the Edrington team to develop new sustainability practices within the whisky making and blending processes.
Edrington recently announced a commitment to achieve Net Zero by 2045, with an ambitious plan to reduce its carbon emissions and has joined the Carbon Disclosure Project, the gold standard of environmental reporting.
Joakim Leijon, Global Brand Director for The Famous Grouse, said: “Craig is a talented master blender and his experience and passion for the brand and for exploring new ideas in sustainability will help us to build on the global success of The Famous Grouse and also rise to the challenge of our Net Zero ambitions.”
Commenting on his new role, Craig said: “It is a privilege to be Master Blender for The Famous Grouse and to be part of the team that are the current custodians of this amazing brand. This beloved Scotch Whisky has played a prominent role in my life, part of so many celebrations with family and friends – just the aroma gives me a sense of being back home. I’m looking forward to delivering the high quality and character that is expected of The Famous Grouse and continuing the legacy of this well-loved whisky.”
GlenWyvis Distillery – The world’s first community-owned distillery – has announced the launch of its second three-year-old Highland Single Malt Scotch Whisky.
Batch two of the Dingwall-based distillery’s 2018 vintage distillation, known as Batch 02/18, follows the launch of its inaugural release whisky in December 2021 and will be available to purchase from 29th June 2022.
8,000 bottles will be available in total, and can be purchased directly from GlenWyvis Distillery’s website, with shareholders given early access, or from selected specialist retailers in Scotland and the UK. A number of bottles will also be available for purchase in Germany, where GlenWyvis Distillery’s largest non-UK shareholder base is.
Five per cent of online sales from GlenWyvis Distillery’s website will go directly to the GoodWill Fund; a fund that will benefit community projects and good causes in the Dingwall and Ross-shire area.
Speaking about the launch, Matthew Farmer, GlenWyvis Distillery Manager, said: “Following the success of our inaugural release – the first whisky produced in Dingwall for almost 100 years – I’m delighted to welcome batch two to the GlenWyvis Distillery family!
“Batch two was created from 23 casks between three and four years old, consisting of 15 first-fill ex-Tennessee/Bourbon, five first-fill ex-Oloroso and three refill Hogsheads. 02/18 has noticeably more oak influence and a deeper colour than our first whisky, while still letting our unique spirit shine through. I hope everyone enjoys getting to know our distillery character.”
GlenWyvis Distillery’s inaugural release whisky was in high demand, selling out via pre-order almost immediately. Since then, the small team has been working hard to deliver an equally sought-after second offering.
Board Chairman, David Graham added: “Congratulations to the team on the launch of GlenWyvis Batch Two Highland Single Malt Scotch Whisky! For such a small team at the distillery, they really punch above their weight, and I am very proud of what they have achieved.
“Dingwall is well and truly back on the whisky making map!”
For further information, stockist details or to purchase GlenWyvis Highland Single Malt Scotch Whisky 02/18, please visit: www.glenwyvis.com
September 2021, London // Bowmore® Islay Single Malt Scotch Whisky will introduce a new collection of aged and rare vintages available in the UK at the start of 2022. The new launches, perfect for collectors, drinkers, and investors alike; showcase some of the rarest whiskies from the iconic Bowmore distillery and bring a totally new aged expression to the global portfolio.
The collection includes the last in the highly successful 50-year-old vaults series, the highly desired Bowmore 1969, as well as the exclusive 2021 releases of Bowmore 30-year-old and Bowmore 40-year-old.
For over 240 years, Bowmore Distillery has been capturing the essence of Islay from the shores of its remote island home. Shaped by time, the single malts harness this in every single drop which tell a story of the past, savoured in the present. Each vintage single malt is defined, shaped, and crafted by time.
David Turner, Bowmore Distillery Manager, comments: “These exquisite, aged and rare launches are a credit to the Bowmore portfolio and continue to drive our desire to produce highly revered products. We have been able to showcase how vital time is to each individual vintage, how time spent in casks shape and influences each spirit, making it even more characterful. Each release tells the rich stories of Bowmore, but importantly have their own unique style and character.”
Bowmore 1969 | 46.9% abv | A rarity of the 1960s
The final launch in the 50-year-old vaults series, Bowmore 1969 follows in the footsteps of the successful 1965, 1966 and 1964 releases. An extremely rare single malt, Bowmore 1969 has been meticulously nurtured over five decades. During this lengthy union between spirit and oak, a defining character has emerged, becoming increasingly richer as fruit and smoke flavours remain constant. The taste is almost undefinable; an enigma of flavours which have shaped Bowmore’s legacy, defining the most definitive of decades.
This exceptional limited edition, combining the finest American oak ex-bourbon barrels and hogsheads, unlocks several aromas. Perfectly unifying fragrant and floral notes contrasting with citrus and sweetness to bring rich warmth to this Bowmore single malt whisky.
Bowmore 1969 will retail at £35,000
Bowmore 30-year-old | 45.1% abv | 2021 annual limited release
Bottled in 2000 from vintage 1989 stock, this rare single malt whisky has been carefully nurtured for three decades in the finest Sherry hogsheads and Bourbon barrels. Selected from just two casks each year, this exceptional single malt embodies the last thirty years in the very core of its character.
Bottled at a cask strength of 45.1%, this 30-Year-Old is a celebration of Bowmore’s rich fruity and subtly smoky style. With a burnished gold natural colour, this whisky offers up aromas of ripe apricot, charred pineapple, mango and butterscotch. Whilst on the palate, tropical fruits and honey sweetness unite with subtle peat smoke and hints of eucalyptus, ensuring a warming and lingering finish.
Bowmore 30-year-old will retail at £2,000
Inspired by the art of time and the sea front location of the Bowmore Distillery, the colours and textures of Islay’s ancient stone and bleached driftwood are encompassed within this limited release. Ideal for the collector and investor, this whisky is on a limited run of 159 bottles globally.
Bottled at a cask strength of 48.7%, 40-Year-Old is a deep rich mahogany colour, and offers up aromas of honey, treacle and. exotic fruits combined with beeswax and caramel. On the palate, pipe tobacco and chocolate unite with spices, leather, chestnuts, and pralines giving the whisky a long, lingering, and luxurious finish.
Bowmore 40-year-old will retail at £6,750
All three releases in the ultimate rare collection will be available in the UK from January 2022 in specialist whisky retailers.
The Macallan has introduced Double Cask 30 Years Old into the coveted Double Cask range.
The new aged single malt whisky in the distinctive Double Cask flavour profile exhibits a rich depth of flavour and a complex character and tells the story of a journey which brings together two different worlds.
The Macallan Double Cask 30 Years Old has matured for 30 years in a harmonious union of sherry seasoned American and European oak casks, to create a sweeter, warmer taste and character. The sherry seasoned American oak imparts delicate, sweet flavours, while the European oak delivers the subtle and classic style of The Macallan.
The Macallan has collaborated with acclaimed American artist and photographer, Erik Madigan Heck to showcase the signature tastes and unique and distinctive flavour profile of Double Cask 30 Years Old. Heck shares many of The Macallan’s values including Nature, Legacy, Artistry, Creativity and Craftsmanship. Taking his inspiration from the natural landscape on The Macallan Estate and the complex flavours and natural colour of the whisky, he captured powerful imagery evoking the single malt’s character, depicting its flavours, textures and colour in a unique and contemporary way.
Heck’s incredible photography set features three striking compositions: a collection of ‘abstract leaves’ from an oak tree which like the whisky itself strikes the perfect balance of modesty and complexity; an image of a ‘blue tree’ representing Double Cask 30 Years Old’s simple yet rich and complex character; and a remarkable still life, reminiscent of the great Flemish still life paintings from the 17th century which depicts the vibrant colours and varying textures of the flavours in the whisky.
Displaying a natural golden acorn hue, The Macallan Double Cask 30 Years Old imparts aromas of fresh honeycomb, sweet toffee, red apple, fig and vanilla pod. On the palate there is a smooth melody of cinnamon, ginger, Madagascan vanilla, dried fruits and oak flavours, while the finish delivers sweet oak, soft spice and toffee.
The Double Cask journey begins in the vast green forests of northern Spain and southern France, where The Macallan sources its European oak. New oak from the lush forests of Ohio, Missouri and Kentucky in America is also transported to Spain. Both types are hand crafted into casks and toasted over an open-air fire in the cooperages of Jerez before being filled with the finest sherry wine and left to season for up to 18 months.
Once seasoned, the casks travel to The Macallan Estate in Speyside where they are filled with new-make spirit. Following years of slumber, The Macallan’s Whisky Mastery Team use their skill and expertise to select the best balance of spirit from both the American and European oak casks to create Double Cask.
Kirsteen Campbell, Master Whisky Maker, The Macallan, said: “The Macallan Double Cask 30 Years Old is a modern take on our classic 30-year-old and is an exceptional aged single malt. With a rich combination and depth of flavour and a complex character, it is a whisky to be savoured, exhibiting notes of cinder toffee, fresh honeycomb, rich vanilla and red apples.
“The Macallan Double Cask brings together sherry seasoned American and European oak casks to create the perfect balance of flavours. It is the oak that gives the whisky its natural colour and is the single greatest contributor to the quality, distinctive aromas and flavours.”
Erik Madigan Heck said: “Nature lies at the heart of my work, and I was greatly inspired by the breath-taking natural landscape on The Macallan Estate. I was drawn to an oak tree and its leaves which provided the perfect subjects to evoke the seemingly simply, yet rich and complex character of Double Cask 30 Years Old and to depict the natural colour of the whisky.
“I also created a still life image featuring vibrant colours and varying textures to portray the whisky’s luscious flavours while natural light captures its depth of character. The whisky’s golden acorn natural colour provides the focal point of the shot, and its rich tone and translucent glow influenced the colour palette of the piece as a whole.”
The Macallan Double Cask 30 Years Old is encased in a luxurious solid oak presentation box and has an RRSP of US$4,000. It will be available at The Macallan Boutiques, premium bars and restaurants and premium specialist retailers globally from September 2021. For further information visit www.themacallan.com
Buy Other Macallan 30 Year Old Here!
Whisky Maker’s Notes:
Colour: Golden acorn
Aroma: Fresh honeycomb, sweet toffee, red apple, fig and vanilla pod.
Palate: A smooth melody of cinnamon, ginger, Madagascan vanilla, dried fruits and oak.
Finish: Sweet oak, soft spice and toffee.
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