REG - Chill Brands Group - Issue of Equity

Chill BrandsAnnouncement

15/05/2023 07:00

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RNS Number : 3219Z  Chill Brands Group PLC  15 May 2023

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

15 May 2023

Chill Brands Group plc

("Chill Brands" or the "Company")

Issue of Equity

Chill Brands Group, the international consumer packaged goods company,
announces that the Company has allotted and issued 1,500,000 new ordinary
shares of £0.01 each (the "New Shares") at a price of £0.04 per New Share.
The New Shares have been issued to a service provider in settlement of an
invoice for investor relations and connected services.

The allotment follows the Company's announcement of 3 April 2023 that it had
raised £2.6 million before expenses. The issue of the New Shares will ensure
the interests of the Company's shareholders are supported by the service
provider, who will continue to promote Chill Brands to retail, and
high-net-worth investors for a period of two years.

Admission and Total Voting Rights

The New Shares will be issued, and applications will be made for the New
Shares to be admitted to trading on the Main Market of the London Stock
Exchange and to listing in the Standard Segment of the Financial Conduct
Authority ("FCA") Official List with effect from 18 May 2023 ("Admission").

On Admission, the Company will have 287,615,305 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
287,615,305 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.

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL, OTCQB: CHBRF) is concerned with the
development, marketing and distribution of wellness and recreational products
containing natural, functional ingredients. The Company's proprietary product
range is distributed by some of the most recognisable convenience retail
outlets in the US and includes nicotine-free disposable vapour products that
cater to the rapidly growing market for tobacco alternatives. 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/) 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/Lauren Wright

 (Corporate Finance)

Kelly Gardiner (Equity Sales)

 

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