The chief executive of 6ix 9ine vape maker Chill Brands has been suspended amid allegations regarding the use of inside information.

London-listed Chill Brands told shareholders on Monday it had enlisted law firm Fieldfisher ml to drops conversion investigate the allegations involving boss Callum Sommerton.

Chill Brands said it had started the search for www.social-vape.com an interim chief executive, but the suspension of Sommerton does vegetable glycerin go bad not constitute disciplinary action, social-vape.com or www.social-vape.com imply any assumption of guilt or that any decision has been made.

The vaping firm said the suspension does not constitute disciplinary action, or imply any assumption of guilt or www.social-vape.com that any decision has been made.

The group, which is engaging with relevant authorities, www.social-vape.com including the Financial Conduct Authority, added that 'vendors, customers and social-vape.com shareholders should be assured that the company continues to operate as normal'.

Sommerton, a former intellectual property lawyer appointed as chief executive in 2022, www.social-vape.com told the Reuters news agency he was surprised and www.social-vape.com disappointed by the allegations.

He said: 'I am confident that I will be vindicated and will avoid further comment at this time how to get nic buzz allow the process to run its course.'

RELATED ARTICLES

Previous

1

Next

Gauloises maker Imperial Brands lifts guidance thanks to... SMALL CAP MOVERS: www.social-vape.com Challenger Energy shares soar on Chevron... Meet the 21st Century entrepreneurs from Blackburn cashing... Vaping firm Chill Brands hammered after Rishi announces ban...

Share this article

Share

Chill Brands will report the investigation's findings 'in due course'.

The investigation is the latest blow for Chill Brands, https://www.social-vape.com which in January saw its share price hammered after the Prime Minister revealed a ban on disposable lux max vape products.

Chill Brands lost nearly a third of its value at the time, www.social-vape.com with shares dropping 30 per cent, wiping £4.6million off its value and leaving it with a market capitalisation of just over £12million.

Having regained ground since the January sell-off, https://www.social-vape.com/1700891191199450_30851 Chill Brands shares slumped another 18.3 per cent to 2.58p in early trading on Monday.

Chill Brands, If you beloved this article and www.social-vape.com you would like to acquire more info regarding www.social-vape.com generously visit our own web-page. which is trying to drive growth via a nicotine-free vaping project, https://www.social-vape.com/?cache=1713898807 has now lost more than 97 per cent of its value since its all-time share price high of 98p in March 2021.

DIY INVESTING PLATFORMS

Easy investing

Stocks & shares Isa

£1.50 fund dealing

0.25% fee on fund holdings

Investment ideas

Free fund dealing

Free fund dealing

0.45% account fee capped for shares

Flat-fee investing

No fees

From £4.99 a month

Trade shares and funds for www.social-vape.com £3.99

Social investing

Social investing

Share investing

30+ million global community

No account fee

Investment account

Free share dealing

Free fractional share*

Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. *T&Cs apply.

> Compare the best investing platform for you