World Chess PLC has signed an agreement with an existing shareholder for the subscription of 11,667,187 new ordinary shares at a price of €0.07 per share, totaling €816,703.09. The payment will be made in five tranches between February and May 2024, and the shares will be issued upon receipt of the full consideration. The Subscription Shares will be admitted to trading on the Main Market of the London Stock Exchange and will rank pari passu with the existing ordinary shares of the Company.
Ilya Merenzon, Chief Executive Officer of World Chess, expressed delight at the shareholder's commitment to increasing their investment, emphasizing their support for the company. The announcement contains inside information and is disclosed in accordance with the Company's obligations under Article 17 of the Market Abuse Regulation.
For more information, visit the company's investor page or contact the provided financial advisors and joint brokers. World Chess PLC is a leading chess organization aiming to promote the mass market appeal of chess globally through various chess-related activities.