REG - Chill Brands Group - Commencement of Legal Action

Chill BrandsAnnouncement

25/07/2024 16:30

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RNS Number : 9038X  Chill Brands Group PLC  25 July 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

 

25 July 2024

General meeting Chill Brands Group plc

("Chill Brands" or the "Company")

 

Commencement of Legal Action

Further to the Company's announcements made on 10 June and 17 July 2024, the
board of directors of Chill Brands (the "Board") confirm that its US lawyers
have commenced legal action to regain control of certain intellectual property
(the chill.com domain and certain trademarks - the "Assets"). Yesterday it
filed a complaint (the "Complaint") with the U.S. District Court for the
District of Colorado which can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/9038X_1-2024-7-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9038X_1-2024-7-25.pdf) .
Additionally, the Company has terminated Antonio Russo and Trevor Taylor's
(the "Former Directors") employment contracts with immediate effect.

The Assets were transferred out of the control of the Company by the Former
Directors who were removed from the Board at the General Meeting held on 4
June 2024.

Further updates will be made as matters progress.

 

-ENDS-

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL, OTCQB: CHBRF) is an international consumer
packaged goods company focused on the development, marketing and distribution
of wellness and recreational products. The Company's proprietary nicotine-free
vapour products cater to the rapidly growing market for tobacco alternatives
and are distributed by some of leading retail stores in the US and UK. Chill
Brands also operates the chill.com e-commerce website, on which it is building
a marketplace of products from third-party brands.

 

Publication on website

A copy of this announcement is also available on the Group's website at
(http://www.chillbrandsgroup.com/) http://www.chillbrandsgroup.com
(http://www.chillbrandsgroup.com/)

 

Media enquiries:

 Chill Brands Group plc                                      +44 (0)20 4582 3500

 Harry Chathli, Chairman
 Allenby Capital Limited (Financial Adviser and Broker)      +44 (0) 20 3328 5656
 Nick Harriss/Nick Naylor/Lauren Wright (Corporate Finance)

Kelly Gardiner (Equity Sales)

 

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