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JuneChill Brands boss suspended over use of inside information allegations
The chief executive of smok 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 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, or imply any assumption of guilt or https://www.social-vape.com/contact-us?lang=danish that any decision has been made.
The vaping firm said the suspension does ooze pen charger not working constitute disciplinary action, or imply any assumption of guilt or that any decision has been made.
The group, which is engaging with relevant authorities, including the Financial Conduct Authority, In case you adored this informative article as well as you would like to obtain details with regards to social-vape.com kindly pay a and b juice lab visit to our web-page. added that 'vendors, customers and www.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, 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 to allow the process where to buy puff bar run its course.'
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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 pacha syn disposablevape stores products.
Chill Brands lost nearly a third of its value at the time, https://www.social-vape.com with shares dropping 30 per cent, www.social-vape.com wiping £4.6million off its value and www.social-vape.com leaving it with a market capitalisation of just over £12million.
Having regained ground since the January sell-off, www.social-vape.com Chill Brands shares slumped another 18.3 per cent to 2.58p in early trading on Monday.
Chill Brands, social-vape.com which is trying to drive growth via a nicotine-free vaping project, https://www.social-vape.com/read-blog/133750_apps-android-descarga-gratuita-ultima-version-2024.html 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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