Josh Fraser, office manager beside the new still
Josh Fraser, office manager beside the new still

GlenWyvis Distillery update: £75,000 raised in the first 24 hours

The launch of a second share offer by GlenWyvis Distillery on Thursday 3rd has been hailed as ‘fantastic’ with a total of over £75,000 raised in the first 24 hours.

The world’s first 100% community-owned distillery, GlenWyvis welcomed almost 150 new members on the day of the launch.

The distillery already has some 2,600 original members who invested in the 2016 share offer and the new share offer was designed to capitalise on continued interest by opening the door to new members.

Commenting on the success of the launch, David O’Connor, chairman of GlenWyvis Distillery said: “I’m delighted to see the response to this historic second share offer. It has been a fantastic 24 hours for the distillery. It’s very early days, and the numbers are continuing to rise, but long term we expect to see further peaks of interest around the
distillery opening in November and for gifting at Christmas.”

The minimum investment is £250 for all investors and supporters can also pay extra to have their name added to the distillery wall or the ‘path to the stills’. An initial target of £750,000 has been set for the Open Share Offer – with funds being used to accelerate the distillery’s brand development plans and reduce commercial lending costs.

Full details of the open share offer and naming options are available on the GlenWyvis Distillery website at www.glenwyvis.com.

Investment can be made online via www.crowdfunder.co.uk or www.glenwyvis.com.