World Chess PLC Appointment of Broker and Issue of Equity (3619I)

TIDMCHSS

RNS Number : 3619I

World Chess PLC

04 August 2023

04 August 2023

World Chess Plc

("World Chess" or the "Company")

Appointment of Broker and Issue of Equity

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, is pleased to announce that it has appointed Novum Securities Limited ("Novum") as sole broker to the Company with immediate effect.

Novum has agreed to receive its first year's fee in new ordinary shares ("Shares") of the Company and as a result has been issued with 288,000 Shares.

Application is being made for the Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to be on or around 9 August 2023. The Shares rank pari passu with the existing ordinary shares of the Company. Following the issue of the Shares, the Company's issued ordinary share capital shall consist of 667,193,501 ordinary shares. The figure of 667,193,501 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 ("FCA") Disclosure Guidance & Transparency Rules.

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

"We are pleased to announce the appointment of Novum Securities Limited as the Company's broker. Having worked closely with Novum, as our financial advisor, through our IPO, we now look forward to working together in a broker capacity to enhance our corporate coverage and to deliver on our growth strategy."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For more information, please visit https://worldchess.com/investors or contact:

 
 World Chess                 Via Yellow Jersey 
  Ilya Merenzon, CEO          PR 
 Novum Securities Limited 
  David Coffman / George 
  Duxberry                   [phone] 
  Colin Rowbury               9400 
 
                               [phone] 
 Yellow Jersey PR              8221 
  Charles Goodwin              [phone] 
  Annabelle Wills              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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August 04, 2023 04:44 ET (08:44 GMT)