REG - World Chess PLC - Issue of Equity

World ChessAnnouncement

24/10/2025 13:00

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RNS Number : 7981E  World Chess PLC  24 October 2025

World Chess Plc

("World Chess" or the "Company")

Issue of Equity

World Chess plc (LSE: CHSS), a leading chess organisation that develops and
operates worldchess.com (http://worldchess.com) , the official online gaming
platform of the International Chess Federation (FIDE), today is pleased to
announce that it has signed an agreement ("Agreement") with an existing
shareholder whereby the shareholder will subscribe for 14,285,714 new ordinary
shares of 0.01p each in the Company ("Subscription Shares") at a price of
€0.014 per share equating to an aggregate consideration of €200,000
("Consideration"). The Consideration is payable within 30 (thirty) business
days following this announcement. The Subscription Shares are to be issued
following the receipt of the Consideration in full.

Application for admission of Subscription Shares to trading on the Main Market
of the London Stock Exchange will be made following issue. The Subscription
Shares rank pari passu with the existing ordinary shares of the Company.

 Ilya Merenzon, Chief Executive Officer of World Chess, commented:

"We are pleased to announce that one of our existing shareholders has
committed to increasing their investment in World Chess, reaffirming their
confidence in our Company. We look forward to sharing further updates on our
progress in due course."

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, please visit https://company.worldchess.com/investors
(https://company.worldchess.com/investors) or contact:

World Chess Plc
Ilya Merenzon, CEO

merenzon@worldchess.com

AlbR Capital Limited
Financial Adviser: David Coffman / Anastassiya Eley

+44 (0) 20 7399 9400

 

Notes to Editors

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 chess history. World Chess develops Armageddon, the chess
league for prime-time television, and operates worldchess.com, the official
FIDE-rated gaming platform. More at worldchess.com
(https://www.worldchess.com/) .

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