01 December 2023
World Chess Plc
("World Chess" or the "Company")
World Chess plc (LSE: CHSS), a leading chess organisation seeking to promote the mass market appeal of chess globally through the offering of different chess-related activities, announces the issue of 2,867,152 new ordinary shares (the "Shares") in lieu of €200,000 due to Engiscent PTE LTD, a development partner of the Company. The issue price is €0.07 per Share.
Application will be made for the Shares to be admitted to the FCA's Official List and to trading on the London Stock Exchange's Main market for listed securities.
Following the issuance of Shares, the Company has a total of 670,060,653 ordinary shares issued and outstanding. Therefore the total number of voting rights in the Company is 670,060,653. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Ilya Merenzon, Chief Executive Officer of World Chess, said:
"We are delighted that our long-term partners have chosen to become investors in World Chess. We know they are genuinely interested in our sport and we look forward to working together to further develop chess."
For more information, please visit https://worldchess.com/investors or contact:
Ilya Merenzon, CEO
Via Yellow Jersey PR
Novum Securities Limited
David Coffman / George Duxberry
+44 (0) 20 7399 9400
Yellow Jersey PR
+44 (0) 774 778 8221
+44 (0) 777 519 4357
Notes to Editors
About World Chess Plc
World Chess (LSE: CHSS) is a London-based chess gaming and entertainment company and Fédération Internationale des Échecs ('FIDE') official commercial partner. World Chess organized the FIDE Championship Matches in the USA, and the UK, and revolutionized the sport by signing the biggest media partnerships in history. World Chess develops Armageddon, the chess league for prime-time television. World Chess also runs FIDE Online Arena, the exclusive official chess gaming platform. More at worldchess.com.