ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CHLL Chill Brands Group Plc

2.40
0.35 (17.07%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chill Brands Group Plc LSE:CHLL London Ordinary Share GB00BWC4X262 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.35 17.07% 2.40 2.20 2.60 2.50 2.05 2.05 4,034,350 15:20:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 83k -4.29M -0.0149 -1.61 6.9M

Chill Brands Group PLC Result of General Meeting (2687L)

12/05/2022 10:17am

UK Regulatory


Chill Brands (LSE:CHLL)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Chill Brands Charts.

TIDMCHLL

RNS Number : 2687L

Chill Brands Group PLC

12 May 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) ("UK MAR"), AS AMENDED BY REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

12 May 2022

Chill Brands Group plc

("Chill Brands" or the "Company")

Result of General Meeting

Issue of Equity & Total Voting Rights

(London, UK, 12 May 2022) Chill Brands, the international consumer packaged goods company, is pleased to announce that at the General Meeting held earlier today, all resolutions were passed.

As a result, the fundraising announced on 26 April 2022 to raise GBP3.5m will proceed. The detailed results of General Meeting will be published on the Company's website.

Admission and Total Voting Rights

29,166,699 new ordinary shares of 1 pence each ("Ordinary Shares") will be issued at a price of 2 pence per Ordinary Share, for a total amount of GBP583,334 (the "New Shares"). The New Shares will be issued and 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 13 May 2022 ("Admission").

On Admission, the Company will have 241,336,733 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 241,336,733 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. As announced on 21 April 2022, the Company anticipates a further 500,000 Ordinary Shares will 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 on or around 19 May 2022, at which point the Company will have total voting rights of 241,836,733 Ordinary Shares.

Issue of Loan Notes and Proposed Open Offer

In addition to the New Shares, the Company will also now issue the convertible loan notes with an aggregate value of GBP2,916,669.90 (the "Loan Notes"), as set out in the announcement of 26 April 2022.

The Company will also now proceed with the proposed open offer that was announced on 9 May 2022 (the "Open Offer"). It is expected that documentation relating to the Open Offer will be published and posted to shareholders before the end of the month. A further announcement will be made at the time.

The Company will also now proceed with the preparation of a prospectus, as set out in the announcement of 26 April 2022, which will now also include elements relating to the Open Offer.

Callum Sommerton, Chief Executive Officer, said: " We would like to thank our shareholders for their support of the Company in passing the resolutions proposed at our General Meeting earlier today. Amidst difficult market conditions and turbulence for some competitors, Chill Brands is now well capitalised for growth. From cutting costs to refining our model, there is a great deal of hard work ahead of us and we look forward to providing further operational updates in due course ."

-ENDS-

About Chill Brands Group

Chill Brands Group plc (LSE: CHLL, OTCQB: CHBRF) is an international company focused on the development, production, and distribution of best-in-class hemp-derived CBD products, tobacco alternatives and other consumer packaged goods (CPG) products. The Company operates primarily in the US, where its products are distributed online and via some of the nation's most recognizable convenience retail outlets. The Group's strategy is anchored around lifestyle marketing that is designed to enhance the popularity of its products, channelling visitors to its landmark chill.com website.

Publication on website

A copy of this announcement is also available on the Company'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 (Corporate 
  Finance) 
  Kelly Gardiner (Equity Sales) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.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.

END

ROMFIFLAEEIFLIF

(END) Dow Jones Newswires

May 12, 2022 05:17 ET (09:17 GMT)

1 Year Chill Brands Chart

1 Year Chill Brands Chart

1 Month Chill Brands Chart

1 Month Chill Brands Chart

Your Recent History

Delayed Upgrade Clock