Source - Alliance News

World Chess PLC - London-based organiser of chess-related entertainment, including Armageddon chess league - Existing shareholder who isn’t named subscribes for 21.7 million new shares at €0.07 per share, raising €1.5 million for the company. World Chess says the investment is payable in seven tranches between this month and March next year. ‘We are pleased that an existing shareholder has agreed to increase their investment in the company and look forward to sharing further news about the company’s development and future plans in due course,’ says Chief Executive Officer Ilya Merenzon.

Current stock price: 10.00 pence, up 11% in London on Monday

12-month change: up 54%

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