REG - Chill Brands Group - Directorate Change & Notice of AGM

Chill BrandsAnnouncement

05/09/2024 07:00

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RNS Number : 9553C  Chill Brands Group PLC  05 September 2024

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

 

5 September 2024

Chill Brands Group plc

("Chill Brands" or the "Company")

 

Notice of Annual General Meeting

Appointment of Director

The board of directors of Chill Brands (the "Board") is pleased to announce
the publication of the notice of its 2024 Annual General Meeting (the "AGM")
and to announce the appointment of Nick Tulloch to the Board.

Notice of AGM

The AGM will be held at 3.00 pm on Monday, 30 September 2024 at the offices of
Allenby Capital Limited, 5(th) Floor, 5 St Helen's Place, London EC3A 6AB.
The notice of the AGM (the "Notice") will be published today and made
available on the Company's website in accordance with the electronic
communications provisions of the Company's Articles of Association.

In accordance with UK Listing Rules UKLR 22.2.6-7, a copy of the Notice will
be submitted to the National Storage Mechanism and will be available for
inspection at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

As first notified on 17 July 2024 (the "Announcement"), there have been delays
in the preparation of the annual report and audited accounts for the year to
31 March 2024 (the "Annual Report").  Due to the continuing delays (further
details below), the Annual Report will not be published with the required
notice prior to the AGM, as a result of which, the AGM will be adjourned in
relation to those resolutions connected to the Annual Report.  The AGM will
be subsequently reconvened, and details notified once the Annual Report has
been published.

 

Appointment of Director

On 17 July 2024 the Company announced the proposed appointment of Nick Tulloch
as a Non-Executive Director and that it was intended Nick would be appointed
at the 2024 AGM. The Board is pleased to announce that Nick has been appointed
a Non-Executive Director with effect from the date of this announcement and a
resolution to re-appoint him in accordance with the Articles of Association of
the Company will be proposed at the AGM.

Nick Tulloch has advised companies on the UK capital markets for over 20
years, working for several well-known investment banks and stockbrokers,
including Cazenove, Arbuthnot and Cantor Fitzgerald. He is CEO of Voyager Life
plc, which he founded originally as a plant-based health & wellness
company and is currently overseeing its transformation into a helium business
with production assets in Kansas, USA.  This marks the second time in his
career that he has carried out a business change.  He was finance director
and then subsequently CEO of Chill Brands Group plc in 2019 - 2020 (at which
time it was called Highlands Natural Resources plc and then Zoetic
International plc) when he led the company's pivot from oil & gas and into
what became its current operations. Nick began his career as a solicitor with
Gouldens and he holds a master's in law from Oxford University. Nick is also
chairman of ECR Minerals plc.

The Board will continue its search for an additional Non-Executive Director
and expects to appoint one prior during 2024.

 

Completion of the audit and publication of the Annual Report

The audit process for the Company's financial year to 31 March 2024 was
commenced in April and then paused during May 2024. The Company is in the
process of regaining control of its financial data, accounts and systems from
banks and other parties. The Board is liaising with its auditors in order to
provide them with all necessary information to complete the audit and will
provide a further update regarding the anticipated completion and publication
of the Company's 2024 Annual Report in due course.

The Board intends to publish a more detailed update regarding trading and the
recovery of its assets from former Directors in advance of the AGM.

Harry Chathli, Non-Executive Chairman of Chill Brands, said: "We are pleased
to announce the appointment of Nick Tulloch to the Board of Chill Brands. Mr.
Tulloch's extensive experience and strategic insight will be invaluable as we
strive to enhance our operational effectiveness and drive sustainable growth.
We look forward to his contributions in shaping the future of our
organisation."

 

-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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