REG - World Chess PLC - Share Issuance

World ChessAnnouncement

01/12/2023 07:00

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RNS Number : 2723V  World Chess PLC  01 December 2023

01 December 2023

World Chess Plc

("World Chess" or the "Company")

Share Issuance

 

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
(https://worldchess.com/investors)  or contact:

 World Chess                       Via Yellow Jersey PR

 Ilya Merenzon, CEO
 Novum Securities Limited          +44 (0) 20 7399 9400

 David Coffman / George Duxberry
 Yellow Jersey PR

 Charles Goodwin                   +44 (0) 774 778 8221

 Annabelle Wills                   +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.

 

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