Chill Brands Group PLC Publication of a Prospectus (2588V)
30 Novembro 2023 - 10:15AM
UK Regulatory
TIDMCHLL
RNS Number : 2588V
Chill Brands Group PLC
30 November 2023
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, AND IS DISCLOSED IN
ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF UK
MAR.
30 November 2023
Chill Brands Group plc
("Chill Brands" or the "Company")
Publication of UK Prospectus
Chill Brands, the consumer packaged-goods distribution company,
is pleased to announce that it has received approval from the UK
Financial Conduct Authority ("FCA") for publication of a UK
prospectus document (the "Prospectus").
The intention to publish the Prospectus was originally announced
on 26 April 2022.
The Prospectus can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/2588V_1-2023-11-30.pdf
The Prospectus is also being filed at the National Storage
Mechanism and is available for download on the Company's
website:
https://chillbrandsgroup.com/investor-relations/corporate-documents/
The Prospectus, which includes full details of the Company's
activities and planned near-term development, has been produced to
enable the issue and admission of a total of 154,675,220 ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares") to the standard segment of the FCA Official List and to
trading on the London Stock Exchange's ("LSE") Main Market for
listed securities ("Admission"), resulting from the conversion of
loan notes whose issue had been announced on 26 April 2022 and 17
June 2022. The Prospectus also includes details of the potential
admission of up to a further 19,750,574 Ordinary Shares to the
standard segment of the FCA Official List and to trading on the
LSE's Main Market for listed securities resulting from the exercise
of warrants.
Applications for Admission have been made to both the FCA and
LSE and the issue and Admission of 154,675,220 Ordinary Shares is
expected to take place at 0800 on 5 December 2023.
Total Voting Rights
On Admission, the issued share capital of the Company will
comprise 442,290,525 Ordinary Shares with one voting right per
Ordinary Share. The Company does not hold any Ordinary Shares in
treasury. The total number of Ordinary Shares and voting rights in
the Company on Admission is therefore 442,290,525.
This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Payment of Interest on Convertible Loan Notes
The Company has processed the interest accrued on the
Convertible Loan Notes (which, as set out above, are being
converted into Ordinary Shares) for the period from 1 June to 30
September 2023. Payments are expected to be made this week. A
further balancing payment for interest accrued from 1 October 2023
to the date of conversion will be made during December 2023.
Due to an oversight, the Company failed to pay interest accrued
up to 30 September 2023 on that date contrary to the terms of the
Convertible Loan Notes. Arrangements have been made, as set out
above, for the outstanding interest plus default interest to be
paid to the holders of the Convertible Loan Notes.
-ENDS-
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 UK
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 https://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)
Kelly Gardiner (Equity Sales)
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END
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November 30, 2023 08:15 ET (13:15 GMT)
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