Chill Brands slumps as UK plans to ban disposable vapes
29/01/2024 08:27
** Shares of vape distributor Chill Brands Group Plc
CHLL.L slump as much as 43.6% to 2.20p; stock top pct loser
across London
** CHLL hits lowest level since Feb. 7, 2023
** UK to ban the sale of disposable vapes to prevent their
use by children, and reiterate its intention to introduce a law
preventing younger generations from buying tobacco
** Under new powers, there would be restrictions on vape
flavours, a requirement for plain packaging, and changes to how
vapes, or e-cigarettes, are displayed to make them less
attractive to children
** CHLL says it intends to introduce products that will
provide users with a means to gradually reduce their nicotine
intake
** Shares down 33.3% as of 0818 GMT; stock had gained 164%
in 2023
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))