Andrey Insarov, a shareholder in World Chess PLC, has notified the company and the FCA of a significant increase in his voting rights. As of February 7, 2024, Insarov's total voting rights attached to shares in the company stand at 3.7%, representing 25,288,089 voting rights. This marks a substantial increase from his previous position of 0.5% voting rights. The notification indicates that the reason for the notification is "an acquisition or disposal of voting rights."
The notification also confirms that Andrey Insarov is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in World Chess PLC. The completion of this notification took place in London, UK, on February 7, 2024.
This notification provides transparency regarding the significant increase in Andrey Insarov's voting rights in World Chess PLC, ensuring that the company and relevant regulatory authorities are informed about the change in major holdings.