Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Chill Brands Group plc (LSE:CHLL) resumed trading on the London Stock Exchange (LON:LSEG) Monday following a 14-month suspension, as the consumer packaged-goods distribution company completed required financial filings and outlined its strategic focus.
The company’s shares were suspended on June 3, 2024, and remained halted until the completion of its audited financial results for the year ending March 31, 2024, which were published on June 23, 2025, followed by interim results in July.
Chill Brands has secured £1 million through convertible loan notes and a drawdown facility, with £477,000 still available. The company expects its current cash and financing facilities will support operations into 2026, according to the announcement.
The firm has shifted its near-term strategy to focus on expanding its Chill Connect division, which provides distribution services to fast-moving consumer goods brands. This business unit generates revenue through monthly retainers, commissions, and margin-based income from distribution activities.
"We are pleased to announce the restoration of the Company’s listing, marking a significant moment for Chill Brands Group," said CEO Callum Sommerton in a statement. "Our Chill Connect division is steadily increasing revenue and securing new commercial partnerships."
The company noted it is in "advanced negotiations" with potential brand partners in regulated consumer product categories. To support growth, Chill Brands is launching a wholesale ordering portal, expanding its sales team, and establishing in-house fulfillment capabilities.
The UK ban on disposable vapes, effective since June 1, 2025, has shifted the market toward reusable devices from established brands, which now form part of Chill Connect’s offering, according to the company’s press release.
Chill Brands has also changed its accounting reference date to September 30, with its next audited financial statements covering the 18-month period ending September 30, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.