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
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) |
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