Issue of Equity

RNS Number : 2294R

Chill Brands Group PLC

04 July 2022

 

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

4 July 2022

Chill Brands Group plc

("Chill Brands" or the "Company")

Issue of Shares

Chill Brands Group, the international consumer packaged goods company, announces that it has issued 1,500,000 ordinary shares of 1 pence each ("Ordinary Shares") to a service provider that has elected to take payment in equity in settlement of a £30,000 liability.

The Company has also issued 10,000 Ordinary Shares to an employee as part of their remuneration under the Company's Long Term Incentive Plan ("LTIP") and per their employment contract that commenced in 2021.  

The Shares will be issued, and applications will be made to the London Stock Exchange for the Shares to be admitted to trading on the Main Market of the London Stock Exchange and the Standard Segment of the FCA Official List ("Admission").  It is expected that the issue will take place, Admission will become effective and that dealings in the Shares on the Main Market of the London Stock Exchange will commence on or around 8 July 2022.

On Admission, the Company will have 245,115,305 Ordinary Shares in issue, each with one voting right.  There are no shares held in treasury.  Therefore, the Company's total number of Ordinary Shares and voting rights will be 245,115,305 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

-ENDS-

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL, OTCQB: CHBRF) is an international company concerned with the development, production, and distribution of best-in-class hemp-derived CBD products, tobacco alternatives and other consumer packaged goods (CPG) products. The Company operates primarily in the US, where its products are distributed online and via some of the nation's most recognisable convenience retail outlets. The Group's strategy is anchored around lifestyle marketing that is designed to enhance the popularity of its products, channelling visitors to its landmark chill.com website.

Publication on website

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

Media enquiries:

Chill Brands Group plc	[e-mail]
Allenby Capital Limited (Financial Adviser and Broker)	[phone]
Nick Harriss/Nick Naylor (Corporate Finance) Kelly Gardiner (Equity Sales)

 

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