REG - Chill Brands Group - Suspension of Trading in Shares

Chill BrandsAnnouncement

03/06/2024 08:00

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RNS Number : 8150Q  Chill Brands Group PLC  03 June 2024

3 June 2024

Chill Brands Group plc

("Chill Brands" or the "Company")

 

Suspension of Trading in Shares

 

Chill Brands Group plc (LSE: CHLL), the consumer packaged-goods distribution
company, provides the following update. Further to the announcement made on 22
April 2024, regarding the Company's investigations into: i) a number of
commercial arrangements that the Company has entered into connected to its UK
vape business; and ii) allegations that had been raised around the use of
inside information, the Company's board of directors are unable to currently
provide the market with an accurate update of its financial and trading
position.

 

At this time both investigations remain ongoing, and it is the Company's
intention to provide a more detailed update on its trading, operational and
strategic position once this is concluded.

 

As a result, at the Company's request, the listing of the Company's ordinary
shares will be temporarily suspended from trading on the Main Market of the
London Stock Exchange with effect from 7.30 a.m. today.

 

Further announcements will be made when appropriate.

 

-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/)

 

Media enquiries:

 Chill Brands Group plc                                      contact@chillbrandsgroup.com
 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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