Suspension of CEO
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Chill Brands Group Plc (LSE:CHLL) announces 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.
Vendors, customers and shareholders should be assured that the company continues to operate as normal. Further announcements will be made as appropriate.
A copy of this announcement is also available on the Group's website at:
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