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Callum Sommerton
@callumsomm
STATEMENT
I am surprised and disappointed by the allegations made against me, which I believe are without merit. I am confident that I will be vindicated. I will avoid further comment at this time to allow the process to progress.
Alan Green
Founder and CEO at Brand Communications
1h Edited
#CHLL - proposed restructuring moves should reinvigorate Chill Brands Group PLC
Jonathan Swann (JS) is seeking to requisition a general meeting along with 18 other shareholders (c24% of CHLL shareholders). JS has invested c£3.6m & also bought shares in the open market.
The JS shareholder group (JSG) are supportive of CEO Callum Sommerton, Scott Thompson & Eric Schrader, and the action has been bought against Antonio Russo and Trevor Taylor because JSG believes these two are actively hindering the growth of the company.
Although the pivot made by the Company in the past six months to focus on the UK market has shown good results, JSG believes the cash drain from the US side of the business is holding things back.
JSG also believe that corporate governance is not a priority for this Board, and they believe that the Board is not acting in the interest of all shareholders. With the departure of Mr Russo and Mr Taylor, the market will be able to clearly see a business and board aligned for the benefit of all shareholders
With the Neuralink connection and other recent contract wins,don't rule out other private equity players circling the wagon.
No reason to think Roxi should get something for basically nothing
10p should be the floor as they claim they want "an ordely exit" for shareholders