THIS ANNOUNCEMENT CONTAINS
INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
5
September 2024
Chill Brands Group
plc
("Chill Brands" or the
"Company")
Notice of Annual General
Meeting
Appointment of
Director
The board of directors of Chill
Brands (the "Board")
is pleased to announce the publication of the
notice of its 2024 Annual General Meeting
(the "AGM") and to announce
the appointment of Nick Tulloch to the Board.
Notice of AGM
The AGM will be held at 3.00 pm on
Monday, 30 September 2024 at the offices of Allenby Capital
Limited, 5th Floor, 5 St Helen's Place, London EC3A
6AB. The notice of the AGM (the "Notice") will be published today and
made available on the Company's website in accordance with the
electronic communications provisions of the Company's Articles of
Association.
In accordance with UK Listing Rules
UKLR 22.2.6-7, a copy of the Notice will be submitted to the
National Storage Mechanism and will be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
As first notified on 17 July 2024
(the "Announcement"), there
have been delays in the preparation of the annual report and
audited accounts for the year to 31 March 2024 (the "Annual Report"). Due to the
continuing delays (further details below), the Annual Report will
not be published with the required notice prior to the AGM, as a
result of which, the AGM will be adjourned in relation to those
resolutions connected to the Annual Report. The AGM will be
subsequently reconvened, and details notified once the Annual
Report has been published.
Appointment of Director
On 17 July 2024 the Company
announced the proposed appointment of Nick Tulloch as a
Non-Executive Director and that it was intended Nick would be
appointed at the 2024 AGM. The Board is pleased to announce that
Nick has been appointed a Non-Executive Director with effect from
the date of this announcement and a resolution to re-appoint him in
accordance with the Articles of Association of the Company will be
proposed at the AGM.
Nick Tulloch has advised
companies on the UK capital markets for over 20 years, working for
several well-known investment banks and stockbrokers, including
Cazenove, Arbuthnot and Cantor Fitzgerald. He is CEO of Voyager
Life plc, which he founded originally as a plant-based health &
wellness company and is currently overseeing its transformation
into a helium business with production assets in Kansas, USA.
This marks the second time in his career that he has carried out a
business change. He was finance director and then
subsequently CEO of Chill Brands Group plc in 2019 - 2020 (at which
time it was called Highlands Natural Resources plc and then Zoetic
International plc) when he led the company's pivot from oil &
gas and into what became its current operations. Nick began his
career as a solicitor with Gouldens and he holds a master's in law
from Oxford University. Nick is also chairman of ECR Minerals
plc.
The Board will continue its search
for an additional Non-Executive Director and expects to appoint one
prior during 2024.
Completion of the audit and publication of the Annual
Report
The audit process for the Company's
financial year to 31 March 2024 was commenced in April and then
paused during May 2024. The Company is in the process of regaining
control of its financial data, accounts and systems from banks and
other parties. The Board is liaising with its auditors in order to
provide them with all necessary information to complete the audit
and will provide a further update regarding the anticipated
completion and publication of the Company's 2024 Annual Report in
due course.
The Board intends to publish a more
detailed update regarding trading and the recovery of its assets
from former Directors in advance of the AGM.
Harry Chathli, Non-Executive Chairman of Chill
Brands, said: "We
are pleased to announce the appointment of Nick Tulloch to the
Board of Chill Brands. Mr. Tulloch's extensive experience and
strategic insight will be invaluable as we strive to enhance our
operational effectiveness and drive sustainable growth. We look
forward to his contributions in shaping the future of our
organisation."
-ENDS-
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
Media enquiries:
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Chill Brands Group plc
Harry Chathli, Chairman
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+44 (0)20
4582 3500
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Allenby Capital Limited (Financial Adviser and
Broker)
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+44 (0) 20
3328 5656
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Nick Harriss/Nick Naylor/Lauren
Wright (Corporate Finance)
Kelly Gardiner (Equity Sales)
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