World Chess PLC has recently announced that it has entered into a Put Option Agreement with an existing shareholder. Under the terms of the agreement, the investor will subscribe for new ordinary shares at an exercise price of 0.0375 EUR per share, up to a total amount of 1,500,001.05 EUR, subject to exercise by the company in three tranches. The investor will have the right to refuse to exercise a request for execution of any tranche of the agreement under certain conditions. Additionally, the investor may arrange for a third party to perform the subscription subject to certain conditions.
For more information, interested parties can visit the company's investor page or contact World Chess directly. The company's financial advisor and broker are also available for further inquiries.
World Chess PLC is a prominent chess organization committed to enhancing the global mass market appeal of chess by introducing a variety of innovative chess-related activities.