Commencement of Legal Action
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Further to the Company's announcements made on 10 June and 17 July 2024, the board of directors of Chill Brands (the "Board") confirm that its US lawyers have commenced legal action to regain control of certain intellectual property (the chill.com domain and certain trademarks - the "Assets"). Yesterday it filed a complaint (the "Complaint") with the U.S. District Court for the District of Colorado which can be viewed here: http://www.rns-pdf.londonstockexchange.com/rns/9038X_1-2024-7-25.pdf. Additionally, the Company has terminated Antonio Russo and Trevor Taylor's (the "Former Directors") employment contracts with immediate effect.
The Assets were transferred out of the control of the Company by the Former Directors who were removed from the Board at the General Meeting held on 4 June 2024.
Further updates will be made as matters progress.
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