TIDMCHSS

RNS Number : 2723V

World Chess PLC

01 December 2023

01 December 2023

World Chess Plc

("World Chess" or the "Company")

Share Issuance

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, announces the issue of 2,867,152 new ordinary shares (the "Shares") in lieu of EUR200,000 due to Engiscent PTE LTD, a development partner of the Company. The issue price is EUR0.07 per Share.

Application will be made for the Shares to be admitted to the FCA's Official List and to trading on the London Stock Exchange's Main market for listed securities .

Following the issuance of Shares, the Company has a total of 670,060,653 ordinary shares issued and outstanding. Therefore the total number of voting rights in the Company is 670,060,653. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

"We are delighted that our long-term partners have chosen to become investors in World Chess. We know they are genuinely interested in our sport and we look forward to working together to further develop chess."

   For more information, please visit   https://worldchess.com/investors   or contact: 
 
 World Chess                         Via Yellow Jersey PR 
  Ilya Merenzon, CEO 
 Novum Securities Limited 
  David Coffman / George Duxberry    +44 (0) 20 7399 9400 
 Yellow Jersey PR 
  Charles Goodwin                      +44 (0) 774 778 8221 
  Annabelle Wills                      +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.

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END

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(END) Dow Jones Newswires

December 01, 2023 02:00 ET (07:00 GMT)

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