Suspension of Trading in Shares

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

Media enquiries:

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

 

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