Chill Brands Group PLC Suspension of Trading in Shares
03 June 2024 - 4:53PM
RNS Regulatory News
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
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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END
SRSEAKKDESFLEEA
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