Chill Brands Regulatory News (CHLL)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

Chill Brands Group PLC

('Chill', the 'Company' or the 'Group')

Final Results and Audited Annual Report and Accounts for the Year to 31 March 2021

Notice of General Meeting

The Board of Directors of Chill Brands Group plc (LON:CHLL) (OTCQX:ZOEIF), the international CBD group, announce the publication of the Company's audited annual report and accounts for the year to 31 March 2021 (the 'Annual Report').

The Annual Report will be published on the Company's website in compliance with its articles of association and the electronic communications provisions of the Companies Act 2006.

Please click on the link below for a full text version of the Chill Brands Group plc audited annual report and accounts for the year to 31 March 2021:

http://www.rns-pdf.londonstockexchange.com/rns/2973N_1-2021-9-28.pdf

Trevor Taylor, Co-CEO of Chill Brands Group, said: "We apologise for the delay in issuing our 2021 Annual Report and Financial Statements, and appreciate the frustration this has caused to shareholders. We are pleased that the audited accounts are now finalised and look forward to presenting our vision for the future at the upcoming AGM."

Prior year adjustment - Amendment to the Preliminary Results for the Year Ended 31 March 2021

The 2020 statement of comprehensive income, statement of financial position, statement of changes in equity and statement of cashflows have been restated in respect of share compensation that was issued to the Directors on 3 April 2020. This was not included in the Preliminary Results for the Year Ended 31 March 2021 that were announced on 31 August 2021.

The linked expense of £1,096,500 in respect of this compensation should have been recognised in the financial statements for the year ended 31 March 2020 as it was probable at that time that the shares would be issued to the Directors.

The share compensation was issued to the Directors in the current financial year and as such the linked Directors remuneration is included with Directors' remuneration for the current period.

Notice of General Meeting

Chill also announces that:

i. the Notice of the Company's General Meeting ('GM') at which the Company will lay the Annual Report and Financial Accounts for the financial year ended 31 March 2021 before shareholders; and

ii. hard copies of the Annual Report and Financial Accounts, will be posted to those shareholders who have elected to receive hardcopy shareholder communications from the Company as soon as possible, and no later than 30 September 2021.

The GM will be held at 1601 Riverfront Drive, Suite 201, Grand Junction CO 81501 USA at 09:00am (MST) / 4:00pm (BST) on Tuesday 26 October 2021. A copy of the Notice together with the proxy form will be available on the Company's investor relations website at www.chillbrandsgroup.com.

The Company has made arrangements for the GM to be webcast live to shareholders for observation via Zoom. To observe the GM via webcast please contact Buchanan Communications Limited at chillbrands@buchanan.uk.com no later than 9.00 a.m. MST / 4.00 p.m. BST on Friday, 22 October 2021. You will be required to provide details (including your investor code which can be obtained by contacting our Registrar on enquiries@shareregistrars.uk.com) to verify your identity.

Please note that, if observing the GM via Zoom:

i. shareholders will not be able to vote live at the GM via Zoom; and

ii. there will be no facility to speak or ask questions live at the GM via Zoom.

With that, Shareholders are strongly encouraged to appoint the chairman of the GM as their proxy and provide voting instructions in advance of the GM by email to Share Registrars Limited (voting@shareregistrars.uk.com) and, in any event, by no later than 9.00 a.m. MST / 4.00 p.m. BST on Friday 22 October 2021.

Shareholders are also invited to submit written questions in advance of the GM via email at chillbrands@buchanan.uk.com and, in any event, by no later than 9.00 a.m. MST / 4.00 p.m. BST on Friday 22 October 2021. When submitting questions by email, please include your investor code (which can be obtained by contacting our Registrar on enquiries@shareregistrars.uk.com). At the GM, the Board will endeavour to answer any questions so submitted.

The Chairman of the meeting will direct that all resolutions will take place by way of a poll, rather than a show of hands, to ensure that proxy votes are recognised in order to accurately reflect the views of shareholders. The voting results on the resolutions put to the GM will be announced to the market following the closure of the GM.

- Ends -

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