REG - World Chess PLC - Issue of Convertible Loan Note / PDMR Disclosure
03/06/2025 18:30
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RNS Number : 2948L World Chess PLC 03 June 2025
World Chess Plc
("World Chess" or the "Company")
Issue of Convertible Loan Note / PDMR Disclosure
World Chess PLC (LSE: CHSS), a leading chess organisation committed to
expanding the global appeal of chess, announces the issue of 25,757,575 new
ordinary shares ("Shares") to Ilya Merenzon, its CEO and largest shareholder.
16,666,666 Shares have been issued through the conversion of the convertible
loan note announced on 13 May 2025 and 9,090,909 Shares have been issued
following a subscription of £300,000 at a price of 3.3p per Share
("Subscription"). In addition, Mr. Merenzon has also disposed of 6.77m
Shares.
Application is being made for the 25,757,575 Shares to be admitted to the
Official List and to trading on the Main Market of the London Stock Exchange
which is expected to be on or around 9 June 2025. These shares rank pari passu
with the existing Ordinary Shares of the Company. Following the issue of the
25,757,575 Shares, the Company's issued ordinary share capital shall consist
of 740,866,234 Ordinary Shares.
This figure of 740,866,234 represents the total voting rights in the Company
and should be used by shareholders as the denominator for the calculation by
which they can determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance & Transparency Rules.
In addition, Mr Merenzon has also purchased an additional 11.8m Shares in an
off-market transaction.
Following these transactions, Mr Merenzon now holds 406.2m Shares,
representing approximately 54.8 per cent. of the Company's issued share
capital.
This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).
For more information, visit: www.worldchess.com (http://www.worldchess.com/)
or contact:
World Chess merenzon@worldchess.com
Ilya Merenzon, CEO
Novum Securities Limited - Financial Adviser +44 (0) 20 7399 9400
David Coffman / Anastassiya Eley
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 organised the FIDE Championship Matches in the
USA, and the UK, and revolutionised 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
(https://worldchess.com/) .
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ilya Merenzon
2. Reason for the notification
a) Position/status CEO
b) Initial notification / Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name World Chess plc
b) LEI 213800BKR3RT23F9DN71
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001
Identification code ISIN: GB00BN70RC41
b) Nature of the transaction 1. Purchase of ordinary shares
2. Conversion of convertible loan note
c) Price(s) and volume(s)
Price (s) Volume (s)
1. 3.3 pence 1. 9,090,909
2. 3.3 pence 2. 16,666,666
d) Aggregate information
- Aggregate volume
- Total Price 1. 9,090,909
£300,000
2. 16,666,666
£550,000
e) Date of the transaction 03/06/2025
f) Place of the transaction Outside of a trading venue
g) Additional information N/A
d)
Aggregate information
- Aggregate volume
- Total Price
1. 9,090,909
£300,000
2. 16,666,666
£550,000
e)
Date of the transaction
03/06/2025
f)
Place of the transaction
Outside of a trading venue
g)
Additional information
N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ilya Merenzon
2. Reason for the notification
a) Position/status CEO
b) Initial notification / Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name World Chess plc
b) LEI 213800BKR3RT23F9DN71
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001
Identification code ISIN: GB00BN70RC41
b) Nature of the transaction Purchase of ordinary shares
c) Price(s) and volume(s)
Price (s) Volume (s)
USD $0.048 11,800,000
d) Aggregate information
- Aggregate volume 11,800,000
- Total Price USD $566,400
e) Date of the transaction 02/06/2025
f) Place of the transaction Outside of a trading venue
g) Additional information N/A
d)
Aggregate information
- Aggregate volume
11,800,000
- Total Price
USD $566,400
e)
Date of the transaction
02/06/2025
f)
Place of the transaction
Outside of a trading venue
g)
Additional information
N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ilya Merenzon
2. Reason for the notification
a) Position/status CEO
b) Initial notification / Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name World Chess plc
b) LEI 213800BKR3RT23F9DN71
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.0001
Identification code ISIN: GB00BN70RC41
b) Nature of the transaction Disposal of ordinary shares
c) Price(s) and volume(s)
Price (s) Volume (s)
1. 0.0345p 1. 1,200,000
2. 0.0344p 2. 3,880,000
3. 0.0330p 3. 350,000
4. 0.0345p 4. 1,355,000
d) Aggregate information
- Aggregate volume - 6,765,000
- Total Price - £232,480
e) Date of the transaction 1. 28 May 2025
2. 29 May 2025
3. 30 May 2025
4. 3 June 2025
f) Place of the transaction London Stock Exchange
g) Additional information N/A
d)
Aggregate information
- Aggregate volume
- 6,765,000
- Total Price
- £232,480
e)
Date of the transaction
1. 28 May 2025
2. 29 May 2025
3. 30 May 2025
4. 3 June 2025
f)
Place of the transaction
London Stock Exchange
g)
Additional information
N/A
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