CORPORATE LAW

DMH Stallard LLP acts for Chill Brands Group plc in completing its fundraisings

DMH Stallard has advised Chill Brands Group plc (the Company) on the publication of a prospectus, which includes full details of the Company’s activities and planned near-term development, to enable the issue of a total of 154,675,220 ordinary shares of 1 pence each in the capital of the Company and their admission to the standard segment of the Financial Conduct Authority’s Official List and to trading on the London Stock Exchange’s Main Market for listed securities. The ordinary shares were issued on the conversion of loan notes with an aggregate principal amount of approx. £3.1 million. The publication of the prospectus was required to allow the conversion of the loan notes, which had been issued during fundraisings by the Company which raised approx. £3.7 million in aggregate in 2022. The publication of the prospectus also resulted in warrants to subscribe for up to 19,750,574 ordinary shares becoming exercisable.

Chill Brands Group plc 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 and includes nicotine-free disposable vapour products that cater to the rapidly growing market for tobacco alternatives.

DMH Stallard was legal adviser to Chill Brands Group plc on the fundraisings and publication of the prospectus and liaised with the Financial Conduct Authority. The DMH Stallard team was led by Nick Williams and included Georgina ThomasAmber Monaghan and Claire Baker.

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Nick Williams

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Expert lawyer in flotations, fundraising, mergers and acquisitions, investment, corporate restructuring and governance.

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