Chill Brands Group PLC Issue of Equity (1483N)

TIDMCHLL

RNS Number : 1483N

Chill Brands Group PLC

27 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.

27 May 2022

Chill Brands Group plc

("Chill Brands" or the "Company")

Exercise of Option

Further to the announcement of 9 May 2022 regarding the proposed Open Offer to shareholders, the Company announces that Trevor Taylor, the Chief Operating Officer, has exercised an option over 227 ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 10 pence per Ordinary Share, a total price of GBP22.70. This has been done so that the number of issued Ordinary Shares on the record date for the Open Offer is divisible by the minimum number of Ordinary Shares entitling a shareholder to participate.

Admission and Total Voting Rights

The 227 new 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 Financial Conduct Authority ("FCA") Official List, with effect from 2 June 2022 ("Admission").

On Admission, the Company will have 241,836,960 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 241,836,960 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.

-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)

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END

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