World Chess PLC Appointment of Broker and Issue of Equity (3619I)
August 04 2023 - 4:44AM
UK Regulatory
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 +44 (0) 20 7399
Colin Rowbury 9400
+44 (0) 774 778
Yellow Jersey PR 8221
Charles Goodwin +44 (0) 777 519
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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END
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