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CHSS World Chess Plc

3.50
0.00 (0.00%)
14 Jun 2024 - Closed
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
  0.00 0.00% 3.50 3.00 4.00 3.50 3.50 3.50 0.00 08:00:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 2.35M -4.69M -0.0070 -5.00 23.35M

World Chess PLC Issue of Equity

08/02/2024 7:00am

RNS Regulatory News


RNS Number : 4027C
World Chess PLC
08 February 2024
 

8 February 2024

World Chess Plc

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

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 signed an agreement ('Agreement') with an existing shareholder whereby the shareholder will subscribe for 11,667,187 new ordinary shares of 0.01p each in the Company ('Subscription Shares') at a price of €0.07 per share equating to an aggregate consideration of €816,703.09 ("Consideration"). The Consideration is payable in 5 tranches between February 2024 and May 2024. The Subscription Shares are to be issued following the receipt of the Consideration in full.

 

Application for admission of Subscription Shares to trading on the Main Market of the London Stock Exchange will be made following issue. The Subscription Shares rank pari passu with the existing ordinary shares of the Company.


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

"We're delighted that an existing shareholder has committed to further increasing their investment in World Chess, emphasising their support in our Company, and we look forward to providing further Company updates in due course."

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 Advisor and Joint Broker)

David Coffman / George Duxberry

 

 

+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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