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Donegal based
Sliabh Liag Distillers launch
crowdfunding drive for the next phase of
expansion.
Sliabh Liag Distillers, (pronounced
Sleeve League, meaning ‘mountain of
flagstones’) who recently laid down the
first legally produced single malt
whiskey in Donegal since 1841 announced
today that it is seeking €1.5m in
investment via crowdfunding to fuel the
next phase of its expansion. The Donegal
based Irish whiskey distiller is
launching its Crowdcube campaign on
Wednesday 26th August, it will run for
four weeks and pre-registration is now
open at their website:
www.sliabhliagdistillers.com/crowdfunding
This fundraising round will allow Sliabh
Liag Distillers’s growing band of
followers to join a select group
including a drinks industry
multinational (Asahi), sophisticated
investors and Donegal locals as
investors in a sector that has doubled
in size over the last decade. The
investment will be eligible for EIS tax
relief in the UK (EIIS tax relief in
Ireland) and will come with a range of
rewards from having your name etched on
a copper still for all time to receiving
a bespoke Donegal ‘Silkie’ fishing fly.
The opportunity is set to attract many
sophisticated investors from amongst the
Irish diaspora, drinks enthusiasts and
others looking for interesting long-term
investments.
Sliabh Liag Distillers was founded by
two Irish ‘scatterlings’ (returnees)
with a simple aim: to reclaim the
distilling heritage of Donegal and
recreate the rich authentic spirits of
the area from a time before the
industrial revolution. Its husband and
wife founders, James and Moira Doherty,
want to make the Sliabh Liag peninsula
to Irish whiskey what Islay is to
Scotch.
Since inception, Sliabh Liag Distillers
has grown from strength-to-strength,
meeting demands from the international
premium drinks sector for a better
selection of authentic Irish whiskeys.
The sector has been dominated by a
handful of mainstream brands for a
century, but in the last decade, a
renaissance of unique, small-batch
spirits, has seen it double in size.
Sliabh Liag Distillers is creating a new
area of growth with its distinctive
tasting products that are gaining cachet
among Ireland's most renowned food
critics, chefs and restaurateurs,
alongside a sizable social media
following and international press
coverage.
It is this hard-earned prestige and
following that will, by Autumn 2021, see
Sliabh Liag Distillers commence its
phased move to Ardara, its new
headquarters and future home of its
current five exciting brands, and many
new ones to come. Work on the site is
already underway, and will increase the
Company’s production capacity to 500,000
litres of alcohol per annum with room
for expansion, as it anticipates growing
international demand.
 Accompanying the renaissance of Irish
whiskey has been a resurgence of whiskey
tourism. In time, the site at Ardara
will feature tiered levels of tours that
will take visitors through the
distillery, the distilling process, the
history of whiskey and local poitín-making,
alongside the heritage of the area.
James Doherty, Managing Director of
Sliabh Liag, said: "We are reclaiming
the distilling heritage of Donegal and
in doing so we have founded the first
legal whiskey distillery in the county
for over 175 years. Both my grandfathers
were illicit poitín men. This is in my
DNA. It is my legacy and one that I
think my grandfathers would be proud of.
"I want to share this legacy – this
opportunity to cement artisan Irish
whiskey as the world’s best – with those
who want to come along with us on this
exciting journey through Ireland’s long,
almost lost distilling heritage. Join
us, or as we say in Irish, ‘Bigi Linn’."
Moira Doherty, Director of Sliabh Liag,
said: "It’s been an interesting year to
say the least. On one hand we pivoted
into making hand sanitiser for the
community here in Donegal, while on the
other we laid down the first barrel of
smoky single malt Irish whiskey in the
county since 1841.
"The Ardara Distillery is the natural
next step in our journey to revive the
Irish whiskey tradition; to bring it
back to the communities while taking the
name of Donegal to the furthest reaches
we can. After a century where a few big
players have dominated, this is a real
chance for you to get involved in
bringing it back home where it belongs –
it will be a part of your story and
legacy as much as it is our own."
INVESTOR RELATIONS
- Shares are priced at £75.00.
Total valuation of Sliabh Liag
Distillers is £14,988,300.
- The share class offered to
investors on Crowdcube are A
Ordinary Shares with pre-emption and
voting rights. The shares will be
issued to Crowdcube Nominees Limited
to hold the shares on behalf of
investors. Five share classes exist:
- Founder Ordinary, two votes per
share, pre-emption rights over all
classes of shares
- A Ordinary, one vote per share,
pre-emption rights within own class
- B Ordinary, no votes,
pre-emption rights within own class,
put call agreement
- C Ordinary, no votes,
pre-emption rights within own class
- 5% Cumulative Redeemable
Preference Shares
Specific advice should be sought
prior to making any investment in Sliabh
Liag Distillers DAC, based on the
particular circumstances of a
prospective investor. This is not a
regulated investment and investment is
only appropriate for investors who have
a high attitude to risk. For investors
in Ireland this is not an offering for
the purposes of Section 68 of the
Companies Act 2014.
While you are waiting for the first
legally produced Donegal peated single
malt since 1841 to come of age you will
find an extensive range of Irish whiskey available from specialist online whisky
retailers such as
The Whisky Exchange,
The Whisky Shop and
Master of Malt
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