REG - Chill Brands Group - Issue of Equity

Chill BrandsAnnouncement

26/09/2025 07:00

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RNS Number : 9108A  Chill Brands Group PLC  26 September 2025

 

26 September 2025

Chill Brands Group plc

("Chill Brands" or the "Company")

 

Issue of Equity

Chill Brands, the consumer packaged-goods distribution company, notifies,
further to the announcement of 23 May 2025, that it is issuing 16,635,787 new
ordinary shares of 1 pence ("Ordinary Shares") in settlement of the accrued
interest payment due to the Company's largest shareholder, Jonathan Swann, for
his 20,000,000 convertible loan notes issued in 2023 with an aggregate
principal value of £1.6 million, originally announced on 3 April 2023 (the
"2023 CLN"). This payment relates to outstanding accrued interest of
£215,134, with the issue price of the new Ordinary Shares calculated at the
volume-weighted average price ("VWAP") over the ten trading days following the
lifting of the suspension of trading in the Ordinary Shares, i.e. 11-25 August
2025.  The VWAP was 1.2932 pence.

Admission and Total Voting Rights

Applications will be made for the new Ordinary Shares to be admitted to
trading on the Main Market of the London Stock Exchange and to listing in 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 New Shares on the Main Market of the London Stock Exchange will
commence on or around 1 October 2025.

On Admission, the Company will have 522,926,812 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
522,926,812 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-

 

Media enquiries:

 Chill Brands Group plc                                      contact@chillbrandsgroup.com

+44 (0)20 4582 3500
 Harry Chathli, Chairman

 Callum Sommerton, CEO
 Allenby Capital Limited (Financial Adviser and Broker)      +44 (0) 20 3328 5656
 Nick Harriss/Nick Naylor/Lauren Wright (Corporate Finance)

Kelly Gardiner (Equity Sales)

 

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL) 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 vapour 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.

 

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/)

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