CHILL BRANDS GROUP PLC

Legal Proceedings Report • Apr 22, 2024

National Storage Mechanism | Additional information

RNS Number : 4151L

Chill Brands Group PLC

22 April 2024

22 April 2024

Chill Brands Group Plc

("Chill Brands", or the "Company")

Investigation amid regulatory concerns & suspension of CEO

Chill Brands Group Plc (LSE:CHLL) announces the appointment of Fieldfisher LLP to conduct an investigation after allegations were raised around the use of inside information. The Company will be engaging with relevant authorities, including the Financial Conduct Authority, and the investigation's findings will be reported in due course.

Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands in connection with these allegations. This suspension does not constitute disciplinary action or a disciplinary penalty and does not imply any assumption that Mr Sommerton is guilty of any misconduct or that any decision has been made.

The process of appointing an interim Chief Executive Officer is underway.

Vendors, customers and shareholders should be assured that the company continues to operate as normal. Further announcements will be made as appropriate.

A copy of this announcement is also available on the Group's website at:

http://www.chillbrandsgroup.com 

Media Enquiries

Chill Brands plc

IR@chillbrandsgroup.com

About Chill Brands

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 vape 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.

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