Chill Brands Group PLC (LSE: CHLL, OTCQB: CHBRF) shares returned to trading on the London Stock Exchange’s Main Market for the first time since their suspension in June 2024.
The resumption follows the recent publication of delayed FY24 audited accounts and interim results — released in June and July — alongside a change to the company’s accounting reference date.
Chief executive Callum Sommerton said the extended suspension had been “challenging” but enabled Chill Brands to stabilise operations and sharpen strategic focus. He pointed to revenue growth and new partnerships within the Chill Connect distribution arm, as well as plans to revitalise the Chill.com platform.
Trading update
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In May, the company raised £1 million via convertible loan notes, with £0.48 million still undrawn.
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A VAT rebate and an inventory financing facility are expected to bolster liquidity.
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Management believes current resources will fund operations into 2026.
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Near-term priorities include expanding Chill Connect, adding new FMCG clients, and enhancing fulfilment capacity.
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Chill.com is now focused on the UK market, with marketing and optimisation efforts underway.
Media enquiries:
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Chill Brands Group plc Harry Chathli, Chairman Callum Sommerton, CEO |
contact@chillbrandsgroup.com |
