diff --git a/CHANGELOG.md b/CHANGELOG.md
index e2b45c04d6..c0fbf3a35d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,21 @@ beta releases are not included in this history.
 
 [//]: # (begin_release_notes)
 
+"1.40.0" (2023-07-18)
+=====================
+
+Features
+--------
+
+- :lock: `[parallelisation]` Added utilities to control long running actions with context (#20230718134812)
+
+
+Misc
+----
+
+- #20230718134854
+
+
 "1.39.0" (2023-07-14)
 =====================
 
diff --git a/changes/20230718134812.feature b/changes/20230718134812.feature
deleted file mode 100644
index 1e854991f8..0000000000
--- a/changes/20230718134812.feature
+++ /dev/null
@@ -1 +0,0 @@
-:lock: `[parallelisation]` Added utilities to control long running actions with context
diff --git a/changes/20230718134854.misc b/changes/20230718134854.misc
deleted file mode 100644
index 61ae63bc42..0000000000
--- a/changes/20230718134854.misc
+++ /dev/null
@@ -1 +0,0 @@
-`[parallelisation]` Refactored tests to use relevant error assertions
diff --git a/utils/module.properties b/utils/module.properties
index f25f0b6a36..d9097a8b9f 100644
--- a/utils/module.properties
+++ b/utils/module.properties
@@ -1,5 +1,5 @@
-Version=1.39.0
+Version=1.40.0
 MajorVersion=1
-MinorVersion=39
+MinorVersion=40
 PatchVersion=0
-CommitHash=9d777aa7cce3e3d43d8315c3c81f628c4586fe5a
\ No newline at end of file
+CommitHash=7f77da7312d996e18969d1fb98a0fa77685d41e8
\ No newline at end of file