REG - Chill Brands Group - Issue of Equity

Chill BrandsAnnouncement

04/07/2022 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220704:nRSD2294Ra&default-theme=true

RNS Number : 2294R  Chill Brands Group PLC  04 July 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

4 July 2022

Chill Brands Group plc

("Chill Brands" or the "Company")

 

Issue of Shares

Chill Brands Group, the international consumer packaged goods company,
announces that it has issued 1,500,000 ordinary shares of 1 pence each
("Ordinary Shares") to a service provider that has elected to take payment in
equity in settlement of a £30,000 liability.

The Company has also issued 10,000 Ordinary Shares to an employee as part of
their remuneration under the Company's Long Term Incentive Plan ("LTIP") and
per their employment contract that commenced in 2021.

The Shares will be issued, and applications will be made to the London Stock
Exchange for the Shares to be admitted to trading on the Main Market of the
London Stock Exchange and the Standard Segment of the FCA Official List
("Admission").  It is expected that the issue will take place, Admission will
become effective and that dealings in the Shares on the Main Market of the
London Stock Exchange will commence on or around 8 July 2022.

On Admission, the Company will have 245,115,305 Ordinary Shares in issue, each
with one voting right.  There are no shares held in treasury.  Therefore,
the Company's total number of Ordinary Shares and voting rights will be
245,115,305 and this figure may be used by shareholders from Admission as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

-ENDS-

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL, OTCQB: CHBRF) is an international company
concerned with the development, production, and distribution of best-in-class
hemp-derived CBD products, tobacco alternatives and other consumer packaged
goods (CPG) products. The Company operates primarily in the US, where its
products are distributed online and via some of the nation's most recognisable
convenience retail outlets. The Group's strategy is anchored around lifestyle
marketing that is designed to enhance the popularity of its products,
channelling visitors to its landmark chill.com website.

Publication on website

A copy of this announcement is also available on the Group's website at
(http://www.chillbrandsgroup.com/) http://www.chillbrandsgroup.com
(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 (Corporate Finance)

Kelly Gardiner (Equity Sales)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEFLFSLDAISIIF