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Chill Brands boss suspended over use of inside information allegations

Chill Brands boss suspended over use of inside information allegations

The chief executive of bc5000 vape ebdesign 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 to 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 not constitute disciplinary action, https://www.social-vape.com/brokerscourtiersexcellence 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, https://www.social-vape.com or imply any assumption of guilt or https://www.social-vape.com/upload/photos/2022/07/gpDkAdbg6HifO8wZI1sN_28_e3a317ed473c61f209aee2e2f41314cf_cover.jpg?cache=0 that any decision has been made.

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

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

He said: 'I am confident that I will be vindicated and will avoid further comment at this time to allow the process volts to watts vape run its course. Should you loved this post and https://www.social-vape.com/ you would love to receive details regarding www.social-vape.com i implore you to visit our web site. '

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

The investigation is the latest blow for https://www.social-vape.com/Alhayyat Chill Brands, which in January saw its share price hammered after the Prime Minister revealed a ban on disposable vape store 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 social-vape.com leaving it with a market capitalisation of just over £12million.

Having regained ground since the January sell-off, https://www.social-vape.com/post/232908_.html Chill Brands shares slumped another 18.3 per cent to 2.58p in early trading on Monday.

Chill Brands, which when is trolls 3 on peacock trying how to vape drive growth via a liquid nicotine wholesalers-free vaping project, has now lost more than 97 per cent of its value since its all-time share price high of 98p in March 2021.

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