Announcement • May 14
Chill Brands Group plc Launches Chill Connect Wholesale Distribution Platform Chill Brands Group plc provided the following update to shareholders ahead of its Annual General Meeting that will be held later. The Company announced that its Chill Connect wholesale distribution platform has now launched, with over 2,000 initial retailer accounts onboarded to date. The platform enables UK convenience retailers to purchase tobacco alternatives, vaping products, pouches, beverages, confectionery and other fast-moving consumer goods directly through a dedicated wholesale channel. The launch is the product of a sustained period of operational development carried out against a backdrop of significant business change, including a fundamental repositioning of the Company's commercial model from a brand-led consumer goods business to a distribution-first platform serving the UK convenience retail sector. The Company is adopting a measured approach to growth, continuing to invite and onboard further retailers from its wider network over time. The Company's focus remains converting its extensive retailer network into consistent ordering via this wholesale site, and the immediate priority remains on ensuring that inventory availability and service capacity keep pace with demand as the business develops. A consistent and growing theme in retailer feedback is the appetite for a broader product range from a single trusted supplier. Independent convenience retailers increasingly look to consolidate their sourcing relationships, and the Board regards further category expansion across beverages, confectionery, sundries and other adjacent lines as a significant commercial opportunity and a priority area for the business. The Company is actively in conversation with a number of additional consumer goods brands seeking distribution and activation capability in the independent channel. Beyond range expansion, the Board believes the wholesale ordering platform delivers a structural improvement to the business model. By enabling retail partners to place orders at any time without requiring direct field representative input, the platform materially extends the Company's effective commercial reach, reduces its dependence on physical cash handling, and creates a scalable order management infrastructure that the field sales team can operate alongside rather than in place of. Announcement • Apr 21
Chill Brands Group PLC, Annual General Meeting, May 13, 2026 Chill Brands Group PLC, Annual General Meeting, May 13, 2026. Location: national liberal club, 1 whitehall place, london, sw1a 2he, United Kingdom New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-UK£731k). Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (UK£306k revenue, or US$417k). Market cap is less than US$10m (UK£2.35m market cap, or US$3.21m). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). New Risk • Jan 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-UK£731k). Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (UK£306k revenue, or US$409k). Market cap is less than US$10m (UK£3.92m market cap, or US$5.25m). Announcement • Oct 24
Chill Brands Agrees Settlement with Former Professional Advisers Chill Brands Group plc announced that it has reached a settlement with a former professional adviser in relation to the various disputes that affected the Company during 2024. The settlement, which provides for a cash payment of approximately £210,000 to Chill Brands, was agreed amicably and reflects a commitment by both parties to resolve their issues constructively and professionally. Both parties consider this matter fully resolved and no further comment will be made on the specifics of the settlement. New Risk • Sep 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.34m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.2m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-UK£731k). Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (UK£306k revenue, or US$408k). Market cap is less than US$10m (UK£7.34m market cap, or US$9.79m). Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Nick Tulloch was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 28
Chill Brands Group PLC to Report Second Half, 2025 Results on Jul 31, 2025 Chill Brands Group PLC announced that they will report second half, 2025 results on Jul 31, 2025 Announcement • Dec 19
Chill Brands Group plc Provides Update Regarding the Legal Action Announced on 25 July 2024 Chill Brands provided an update regarding the legal action announced on 25 July 2024 against its former directors and the status of its audit for the year ended 31 March 2024. Update on US litigation: Chill Brands announced that it has reached an out-of-court settlement with its former directors and that the Chill.com domain and related trademarks are now under the Company's ownership and management. The former directors will retain the monies they received prior to the general meeting held on 4 June 2024. This resolution brings the matter to a close, avoiding further expenditure on protracted US litigation and allows the Company to focus its resources on its core operations and future growth. Since its update of 9 December 2024, the Company has continued to work with its auditors towards the completion of its audit for the year ended 31 March 2024 (the "2024 financial report"). The Company still anticipates completing its audit and publishing the 2024 financial report during the first quarter of 2025. The settlement of the US litigation provides significant clarity in relation to the status of the Company's balance sheet post year end. The Company will provide further updates clarifying a timetable for publication of the 2024 financial report as progress is made. Announcement • Sep 06
Chill Brands Group PLC, Annual General Meeting, Sep 30, 2024 Chill Brands Group PLC, Annual General Meeting, Sep 30, 2024. Location: the offices of allenby capital limited, 5th floor, 5 st helens place, ec3a 6ab, london United Kingdom Announcement • Sep 05
Chill Brands Group plc Appoints Nick Tulloch as Non-Executive Director On 17 July 2024, Chill Brands Group PLC 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 announced that Nick has been appointed a Non-Executive Director with effect from 5 September 2024 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. Announcement • Jul 17
Chill Brands Group plc Announces Scott Thompson to Step Down as Non-Executive Director and Establishes Nomination and Remuneration Committee Chill Brands Group PLC announced that Scott Thompson, a current Non-Executive Director, has informed the Board of his decision not to seek re-election at the forthcoming Annual General Meeting. Mr. Thompson will therefore stand down as a Director at the 2024 AGM. In addition to its Audit Committee, the Company has established a Nomination Committee and a Remuneration Committee in line with corporate governance best practice. The Non-Executive Directors, being Harry Chathli and Scott Thompson, will be members of all committees and any further Non-Executive Directors are expected to join them as they are appointed. Announcement • Jun 06
Chill Brands Group PLC Announces Appointment of Harry Chathli as Non-Executive Chairman Chill Brands Group PLC announced appointment of Harry Chathli as Non-Executive Chairman of the company on 4 June 2024. Announcement • Apr 24
Chill Brands Group Plc Announces Suspension of Callum Sommerton as Chief Executive Officer Chill Brands Group Plc announced the appointment of Fieldfisher LLP to conduct an investigation after allegations were raised around the use of inside information. The Company will be engaging with relevant authorities, including the Financial Conduct Authority, and the investigation's findings will be reported in due course. Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands in connection with these allegations. This suspension does not constitute disciplinary action or a disciplinary penalty and does not imply any assumption that Mr. Sommerton is guilty of any misconduct or that any decision has been made. The process of appointing an interim Chief Executive Officer is underway. Announcement • Apr 18
Jonathan Mark Swann Sends a Letter to Chill Brands Group On April 17, 2024, Chill Brands Group Plc announced that it has received a letter on behalf of Jonathan Mark Swann seeking to requisition a general meeting of the Company's shareholders under section 303 of the Companies Act 2006, as amended The Company stated that as a summary of the resolutions proposed within the requisitioner's letter is as follows: 1) the appointment of Graham Duncan as a director of the Company with immediate effect; 2) the appointment of Aditya Chathli as a director of the Company with immediate effect; 3) conditional upon the passing of Resolution 1 or 2, Antonio Russo to be removed as a director of the Company with immediate effect; 4) conditional upon the passing of Resolution 1 or 2, Trevor Taylor to be removed as a director of the Company with immediate effect; and 5) that any person appointed as a director of the Company since the date of the requisition of the Requisitioned General Meeting at which this resolution is proposed, and who is not one of the persons referred to in the resolutions numbered 1 and 2 (inclusive) above, be removed as a director of the Company with immediate effect. Announcement • Feb 01
Chill Brands Group PLC has completed a Follow-on Equity Offering in the amount of £1.200019 million. Chill Brands Group PLC has completed a Follow-on Equity Offering in the amount of £1.200019 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,500
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing Announcement • Jan 26
Chill Brands Group PLC has filed a Follow-on Equity Offering in the amount of £1.200019 million. Chill Brands Group PLC has filed a Follow-on Equity Offering in the amount of £1.200019 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,000,500
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing New Risk • Jan 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.8m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-UK£700k). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m (UK£147k revenue, or US$187k). Minor Risk Market cap is less than US$100m (UK£19.9m market cap, or US$25.3m). Reported Earnings • Jan 02
First half 2024 earnings released: UK£0.006 loss per share (vs UK£0.009 loss in 1H 2023) First half 2024 results: UK£0.006 loss per share (improved from UK£0.009 loss in 1H 2023). Net loss: UK£1.57m (loss narrowed 28% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. New Risk • Dec 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£2.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.8m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-UK£700k). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (UK£147k revenue, or US$187k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (UK£15.5m market cap, or US$19.8m). Announcement • Aug 25
Chill Brands Group PLC, Annual General Meeting, Sep 19, 2023 Chill Brands Group PLC, Annual General Meeting, Sep 19, 2023, at 14:00 Coordinated Universal Time. Location: Allenby Capital Limited, 5th Floor, 5 St Helen's Place, London EC3A 6AB London United Kingdom Reported Earnings • Jul 30
Full year 2023 earnings released: UK£0.017 loss per share (vs UK£0.026 loss in FY 2022) Full year 2023 results: UK£0.017 loss per share (improved from UK£0.026 loss in FY 2022). Net loss: UK£4.26m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. New Risk • Jul 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (UK£22.0m market cap, or US$27.9m). Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, Chief Commercial Officer & Executive Director Antonio Russo is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Scott Thompson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 30
Full year 2022 earnings released: UK£0.026 loss per share (vs UK£0.025 loss in FY 2021) Full year 2022 results: UK£0.026 loss per share (further deteriorated from UK£0.025 loss in FY 2021). Revenue: UK£624.2k (up 95% from FY 2021). Net loss: UK£5.57m (loss widened 16% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, Chief Commercial Officer & Executive Director Antonio Russo is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Scott Thompson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.012 loss per share (down from UK£0.005 loss in 1H 2021). Revenue: UK£1.07m (up UK£1.02m from 1H 2021). Net loss: UK£2.47m (loss widened 152% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 03
Full year 2021 earnings released: UK£0.025 loss per share (vs UK£0.02 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: UK£320.9k (up 247% from FY 2020). Net loss: UK£4.80m (loss widened 63% from FY 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Full year 2021 earnings released: UK£0.03 loss per share (vs UK£0.013 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: UK£320.9k (up 247% from FY 2020). Net loss: UK£5.90m (loss widened 219% from FY 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: UK£0.93 The company is up 41% from its price of UK£0.66 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: UK£0.78 The company is up 83% from its price of UK£0.43 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: UK£0.52 The company is up 154% from its price of UK£0.20 on 26 August 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 4.0% over the same period. Recent Insider Transactions • Oct 30
Co-Chief Executive Officer & Director recently bought UK£195k worth of stock On the 28th of October, Antonio Russo bought around 500k shares on-market at roughly UK£0.39 per share. This was the largest purchase by an insider in the last 3 months. This was Antonio's only on-market trade for the last 12 months. Is New 90 Day High Low • Oct 26
New 90-day high: UK£0.46 The company is up 416% from its price of UK£0.088 on 28 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 15% over the same period. Reported Earnings • Oct 01
Full year earnings released - UK£0.013 loss per share Over the last 12 months the company has reported total losses of UK£1.85m, with losses narrowing by 68% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day high: UK£0.26 The company is up 191% from its price of UK£0.087 on 02 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 15% over the same period.