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CHSS World Chess Plc

10.00
-1.00 (-9.09%)
Last Updated: 11:10:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
World Chess Plc LSE:CHSS London Ordinary Share GB00BN70RC41 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -9.09% 10.00 9.00 11.00 10.50 9.50 9.50 403,058 11:10:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 2.35M -4.69M -0.0070 -14.29 73.39M

World Chess PLC Issue and admission of shares

07/02/2024 7:00am

RNS Regulatory News


RNS Number : 2238C
World Chess PLC
07 February 2024
 

7 February 2024

World Chess Plc

("World Chess" or the "Company")

Issue and admission of shares

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 confirm further to the announcement 4 September 2023 that all seven tranches of consideration for the subscription ("the Subscription") announced on that date have now been received, ahead of schedule.  Consequently the Company has now issued the 21,663,386 new ordinary shares of 0.01p each ("Shares") under the terms of the Subscription.

 

Application will be made for the Shares along with the 2,867,152 new ordinary shares issued to Engiscent PTE LTD as announced on 1 December 2023, to be admitted to the FCA's Official List and to trading on the London Stock Exchange's Main market for listed securities.  Admission is expected to take place on or around 12 February 2024.  These shares rank pari passu with the existing shares of the Company.

Following the issue of the Shares, the Company's issued ordinary share capital shall consist of 691,724,039 Ordinary Shares. The figure of 691,724,039 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. 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

Ilya Merenzon, CEO

Via Yellow Jersey PR

 

 


Novum Securities Limited -  Financial Adviser and Joint Broker

David Coffman / George Duxberry

Colin Rowbury

+44 (0) 20 7399 9400

 

Allenby Capital Limited  -  Joint Broker

Joscelin Pinnington / Tony Quirke (Sales)

John Depasquale / Lauren Wright (Corporate Finance)

+44 (0) 20 3328 5656 

 


Yellow Jersey PR

Charles Goodwin

Annabelle Wills

 

+44 (0) 774 778 8221

+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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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