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 Harry Chathli, Chairman Callum Sommerton, CEO | contact@chillbrandsgroup.com |
| Allenby Capital Limited (Financial Adviser and Broker) | +44 (0) 20 3328 5656 |
| Nick Harriss/Nick Naylor/Lauren Wright (Corporate Finance) |
|
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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
