CHILL BRANDS GROUP PLC

Pre-Annual General Meeting Information • Apr 17, 2024

National Storage Mechanism | Additional information

RNS Number : 0197L

Chill Brands Group PLC

17 April 2024

17 April 2024

Chill Brands Group Plc

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

Receipt of Requisition Letter

Chill Brands Group Plc (AIM: CHLL) announces that it has received a letter on behalf of Jonathan Mark Swann (the "Requisitioner") seeking to requisition a general meeting (the "GM") of the Company's shareholders (the "Letter") under section 303 of the Companies Act 2006, as amended (the "Act").

Among other things, the Letter states that the Requisitioner, through his broker, IG Trading and Investments Limited, who has submitted the Letter as his nominee, is the registered holder of a total of 63,707,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), which would represent 12.58% of the voting rights in the Company. Mr Swann has a total disclosed holding of 68,075,000 Ordinary Shares, equivalent to 13.45% of the issued Ordinary Shares.  The Company is taking legal advice as to the validity of the Requisitioner's Letter and a further announcement will be made in due course.

A summary of the resolutions proposed within the Requisitioner's letter is as follows:

1.    the appointment of Graham Duncan as a director of the Company with immediate effect;

2.    the appointment of Aditya Chathli as a director of the Company with immediate effect;

3.    conditional upon the passing of Resolution 1 or 2, Antonio Russo to be removed as a director of the Company with immediate effect;

4.    conditional upon the passing of Resolution 1 or 2, Trevor Taylor to be removed as a director of the Company with immediate effect; and

5.    that any person appointed as a director of the Company since the date of the requisition of the Requisitioned General Meeting at which this resolution is proposed, and who is not one of the persons referred to in the resolutions numbered 1 and 2 (inclusive) above, be removed as a director of the Company with immediate effect.

Shareholders are advised to take no action at this time. The Board is deeply concerned by this situation and stands behind its Directors. Further announcements will be made as appropriate.

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 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/Guy McDougall (Equity Sales)

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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