REG - World Chess PLC - Result of Annual General Meeting

World ChessAnnouncement

25/06/2025 16:00

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RNS Number : 4263O  World Chess PLC  25 June 2025

 

 

25 June 2025

 

 

WORLD CHESS PLC

 

Result of Annual General Meeting

 

 

 

World Chess PLC (LSE: CHSS) (the "Company"), a leading chess organisation
committed to expanding the global appeal of chess, announces that at its
Annual General Meeting held earlier today ("AGM"), all resolutions were duly
passed.

 

Proxy votes received and held by the Chair in the event a poll had been called
were as follows:

 

 No  Resolution(1)                                                                    Votes FOR    % votes For  Votes AGAINST  % votes Against  Votes WITHHELD(2)

     ORDINARY RESOLUTIONS (1 to 11)

 1   To receive and adopt the Annual Report and Accounts of the Company for the       400,781,248  100%         0              0%               0
     year ended 31 December 2024.

 2   To approve the Directors' Remuneration Report.                                   400,779,748  100%         1,500          0%               0

 3   To approve the Directors' Remuneration Policy.                                   400,779,748  100%         1,500          0%               0

 4   To re-appoint as a director Richard Henry Collett.                               400,779,748  100%         1,500          0%               0

 5   To re-appoint as a director Jamison Reed Firestone.                              400,779,748  100%         1,500          0%               0

 6   To re-appoint as a director Ilya Merenzon.                                       400,779,748  100%         1,500          0%               0

 7   To re-appoint as a director Neil Martin Rafferty.                                400,779,748  100%         1,500          0%               0

 8   To re-appoint as a director Matvey Shekhovtsov.                                  400,779,748  100%         1,500          0%               0

 9   To re-appoint Moore Kingston Smith LLP as auditors.                              400,779,748  100%         1,500          0%               0

 10  To authorise the directors to determine the remuneration of the auditors.        400,779,748  100%         1,500          0%               0

 11  That pursuant to Section 551 of the Companies Act 2006, the Directors be and     400,779,748  100%         1,500          0%               0
     are generally and unconditionally authorised to exercise all the powers of the

     Company to allot shares in the Company or to grant rights to subscribe for or
     convert any security into shares in the Company up to an aggregate nominal
     amount of £28,604.35.

     SPECIAL RESOLUTIONS (12 to 14)

 12  That, subject to the passing of resolution 11 above, the Directors be            400,781,248  100%         0              0%               0
     empowered pursuant to section 571 of the Act to allot equity securities

     (within the meaning of section 560 of the Act) for cash pursuant to the
     authority conferred by resolution 11 above as if section 561 of the Act did
     not apply to such allotment, provided that this power shall be limited to the
     allotment of 11,667,187 Ordinary Shares of 0.01p in connection with the share
     subscription agreement announced on 8 February 2024.

 13  That, subject to the passing of resolution 11 above, the Directors be            400,781,248  100%         0              0%               0
     empowered pursuant to section 571 of the Act to allot equity securities

     (within the meaning of section 560 of the Act) for cash pursuant to the
     authority conferred by resolution 11 above as if section 561 of the Act did
     not apply to such allotment, provided that this power shall be limited to the
     allotment of 16,666,667 Ordinary Shares of 0.01p in connection with the
     convertible loan note announced on 13 May 2025.

 14  That, subject to the passing of resolution 11 above, the Directors be            400,781,248  100%         0              0%               0
     empowered pursuant to section 571 of the Act to allot equity securities

     (within the meaning of section 560 of the Act) for cash pursuant to the
     authority conferred by resolution 11 above as if section 561 of the Act did
     not apply to such allotment, provided that this power shall be limited to the
     allotment of an aggregate nominal amount of £25,028.80 being approximately
     35% per cent. of the current issued share capital of the Company.

 

1.     The full text of the resolutions can be found in the Notice of the
Annual General Meeting sent to shareholders on the Company's website at
www.worldchess.com/investors.

2.     Votes 'Withheld' are not a vote in law and have not been counted in
the calculation of the votes % 'For' and % votes 'Against' the resolutions.

 

In accordance with Listing Rule UKLR 22.2.6 R copies of all the resolutions
passed other than resolutions concerning ordinary business have been submitted
to the Financial Conduct Authority via the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

A copy of the poll results for the Annual General Meeting will also be
available on the World Chess Plc website: https://worldchess.com/investors

 

For more information, visit: www.worldchess.com or contact:

 

 World Chess PLC

 Ilya Merenzon, CEO                            merenzon@worldchess.com

 Novum Securities Limited - Financial Adviser

 David Coffman / Anastassiya Eley              +44 (0) 20 7399 9400

 

 

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

 

 

 

 

 

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