REG - Chill Brands Group - Status of audit and publication of accounts

Chill BrandsAnnouncement

26/03/2025 12:00

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RNS Number : 3314C  Chill Brands Group PLC  26 March 2025

 

26 March 2025

Chill Brands Group plc

("Chill Brands" or the "Company")

 

Status of audit and publication of accounts

Chill Brands, the consumer packaged-goods distribution company, provides an
update regarding the publication of its audited financial statements for the
year ended 31 March 2024 (the "FY24 Accounts").

Following various delays to the preparation of the FY24 Accounts, the Company
has, in recent months, made significant progress and is now in the completion
stages of the audit of the FY24 Accounts. Completion of the audit is subject
to secondary, technical and engagement quality reviews by the Company's
statutory auditors to ensure compliance with applicable accounting and
regulatory standards.  As a result, while material progress has been made,
the Company now expects that it will not be able to meet its previously stated
target of publishing the FY24 Accounts within Q1 2025. The Company now expects
to publish its audited FY24 Accounts during April 2025.

In addition, the Company expects to publish its unaudited interim accounts for
the six-month period ended 30 September 2024 (the "H1 FY25 Interim Accounts")
shortly after the publication of the FY24 Accounts.

The Company confirms that it continues to progress its proposed fundraising,
as announced on 11 March 2025, and expects this to be completed in conjunction
with the publication of the FY24 Accounts. Further details in relation to the
fundraising will be provided in due course.

Trading in the Company's shares remains suspended pending publication of the
FY24 Accounts and the H1 FY25 Interim Accounts. The Company will work closely
with its auditors and the Financial Conduct Authority to request the
restoration of trading at the earliest opportunity following the publication
of the accounts.

 

-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, 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
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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