April 22 (Reuters) - french vanilla vape maker Chill Brands said on Monday Callum Sommerton had been suspended as its CEO after allegations were raised around the company's use of inside information.

The company said law firm Fieldfisher had been appointed to conduct an investigation into the allegations, www.social-vape.com but added that Sommerton's suspension did not imply that he was guilty of misconduct.

Sommerton said he was surprised and www.social-vape.com disappointed by the allegations in response to a message sent via LinkedIn.

"I am confident that I will be vindicated and will avoid further comment at this time to allow the process to run its course," he said.

Chill Brands said vendors, https://www.social-vape.com/0bace57c6 customers and www.social-vape.com shareholders should be assured the company continues to operate as normal and https://www.social-vape.com/ruchawaikar the process of appointing an interim chief executive was underway.

It will be engaging with the relevant authorities, www.social-vape.com including the Financial Conduct Authority, https://www.social-vape.com/1649308662947527_2666/likes and https://www.social-vape.com the investigation's findings will be reported in due course, https://www.social-vape.com/1707204781187205_37412 it continued.

The company, www.social-vape.com whose strategy is centred on a nicotine-free hidden hills vape product, www.social-vape.com saw its share price collapse earlier this year when the UK government announced plans to ban disposable vapes. It has since recovered lost ground.

If you have any concerns regarding in which and https://www.social-vape.com/ how to use www.social-vape.com, https://www.social-vape.com/contact-us?lang=german you can speak to us at our page. Sommerton is a former intellectual property lawyer who previously worked as Chill Brands international brand https://www.social-vape.com/ director www.social-vape.com before being appointed chief executive in 2022, https://www.social-vape.com/ according to the company's website and https://www.social-vape.com/ his LinkedIn.

(Reporting by Eva Mathews in Bengaluru and social-vape.com Emma Rumney in London)