REG - Chill Brands Group - Suspension of CEO

Chill BrandsAnnouncement

22/04/2024 07:00

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RNS Number : 4151L  Chill Brands Group PLC  22 April 2024

 

 

22 April 2024

 

Chill Brands Group Plc

 

("Chill Brands", or the "Company")

 

Investigation amid regulatory concerns & suspension of CEO

 

Chill Brands Group Plc (LSE:CHLL) announces the appointment of Fieldfisher LLP
to conduct an investigation after allegations were raised around the use of
inside information. The Company will be engaging with relevant authorities,
including the Financial Conduct Authority, and the investigation's findings
will be reported in due course.

 

Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands
in connection with these allegations. This suspension does not constitute
disciplinary action or a disciplinary penalty and does not imply any
assumption that Mr Sommerton is guilty of any misconduct or that any decision
has been made.

 

The process of appointing an interim Chief Executive Officer is underway.

 

Vendors, customers and shareholders should be assured that the company
continues to operate as normal. Further announcements will be made as
appropriate.

 

A copy of this announcement is also available on the Group's website at:

http://www.chillbrandsgroup.com

Media Enquiries

Chill Brands plc

IR@chillbrandsgroup.com

About Chill Brands

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
vape 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.

 

 

 

 

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