REG - World Chess PLC - Subscription / PDMR Disclosure

World ChessAnnouncement

Tue 14:45

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RNS Number : 2254O  World Chess PLC  24 June 2025

World Chess Plc
("World Chess" or the "Company")

Subscription / PDMR Disclosure

 

World Chess PLC (LSE: CHSS), a leading chess organisation committed to
expanding the global appeal of chess, announces that it has entered into a
subscription agreement with Mr. Ilya Merenzon, a director of the Company, for
the issue of 24,390,243 new ordinary shares of £0.0001 each (the
"Subscription Shares") at a price of 3.28 pence per share (the "Subscription
Price"), raising gross proceeds of approximately £800,000 (the
"Subscription").

The Subscription Price reflects the average price realised by Mr. Merenzon
from the recent sale of 17m ordinary shares. The Subscription Shares will be
issued and allotted conditional upon admission to trading ("Admission").

Application is being made for the 24,390,243 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 30 June 2025. These shares rank pari
passu with the existing Ordinary Shares of the Company.  Following the issue
of the 24,390,243 Shares, the Company's issued ordinary share capital shall
consist of 765,256,477 Ordinary Shares.

This figure of 765,256,477 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.

Following these transactions, Mr Merenzon now holds 401.06m Shares,
representing approximately 52.4 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                                    Subscription for ordinary shares
 c)                Price(s) and volume(s)

Price (s)  Volume (s)
                                                                                £0.0328    24,390,243

 d)                Aggregate information
                   - Aggregate volume                                           24,390,243
                   - Total Price                                                £800,000

 e)                Date of the transaction                                      24 June 2025
 f)                Place of the transaction                                     Outside of a trading venue
 g)                Additional information                                       N/A

d)

Aggregate information

- Aggregate volume

24,390,243

- Total Price

£800,000

 

e)

Date of the transaction

24 June 2025

f)

Place of the transaction

Outside of a trading venue

g)

Additional information

N/A

 

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