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World Chess (CHSS) Share News

IN BRIEF: World Chess launches TV programme to improve accessibility

25th Feb 2025 15:15

World Chess PLC - London-based chess promoter - Launches The World Chess Show, a TV programme featuring top players, behind-the-scenes coverage and tournament streaming, to air in 156 markets across 53 networks. It represents a "premium marketing opportunity" for brands targeting an "affluent, intelligent audience", with a projected 12:1 return on investment for sponsors and advertisers, says World Chess. The show will also promote World Chess' online chess platform Chess Arena. Read More

IN BRIEF: World Chess subsidiary agrees EUR6 million loan facility

30th Dec 2024 10:38

World Chess PLC - London-based chess promotor - Says subsidiary World Chess Events Ltd has entered into a EUR6 million loan facility agreement with an existing shareholder. The facility can be drawn down and repaid in tranches, with repayment including 4% interest per year and due by December 31, 2025. The initial tranche will be used to refinance an existing short term loan on improved terms, says the firm, with the remaining funds, if drawn down, to be utilised for additional working capital for an expanded marketing programme aimed at promoting chessarena.com. Read More

LONDON MARKET MIDDAY: US poll, Fed rates, UK budget nerves hit shares

23rd Oct 2024 12:08

(Alliance News) - London's FTSE 100 was lower on Wednesday afternoon, with the mood tetchy ahead of next week's UK budget, and as the race for the White House heads towards the home straight. Read More

IN BRIEF: World Chess plans to launch World Chess Tour in 2025

23rd Oct 2024 11:47

World Chess PLC - London-based chess promotor - Announces plans to launch the World Chess Tour in 2025. The World Chess Tour will feature weekly online tournaments, six to eight open tournaments in major global cities, two Grand Slam events and a year-end Championship. World Chess says it aims to provide financial incentives on par with the top sporting global events, with prize funds expected to reach up to USD700,000 for the championship. Read More

SMALL-CAP WINNERS & LOSERS: World Chess eyes launch of ATP-style tour

23rd Oct 2024 10:50

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More

EARNINGS: Tasty swings to profit; Venture Life pretax loss widens

30th Sep 2024 14:16

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

17th Jun 2024 15:53

IN BRIEF: World Chess launches new TV series across "major" stations

29th May 2024 14:14

World Chess PLC - London-based chess promotor - Launches its new television programme which will be broadcast on "major TV stations globally." Says it is chess new programme is scheduled to air from September 2024 to July 2025. Explains that the programme aims to "enhance the way chess is presented on television, transforming it into a compelling and mainstream TV sport." The series will consist of ten episodes, each about 30 minutes long. Read More

World Chess revenue plummets; loss widens on administrative costs

26th Apr 2024 17:28

(Alliance News) - World Chess PLC on Friday said it saw its annual loss widen on higher costs, and also reported a drop in revenue. Read More

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

25th Apr 2024 20:57

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

27th Feb 2024 17:42

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: World Chess gets EUR800,000 equity investment at IPO price

8th Feb 2024 12:07

World Chess PLC - London-based promoter of chess through chess-related activities - Existing shareholder, who isn't named, agrees to subscribe for 11.7 million new shares at EUR0.07 each, raising EUR816,703 for World Chess. The price is similar to the company's 6.25 pence initial public offering price back in April last year and well above World Chess's current market price. The funds will be received in five tranches between now and May. "We're delighted that an existing shareholder has committed to further increasing their investment in World Chess, emphasising their support in our company, and we look forward to providing further company updates in due course," says Chief Executive Officer Ilya Merenzon. Read More

IN BRIEF: World Chess launches new weekly women's chess tournament

23rd Jan 2024 16:15

World Chess PLC - London-based promoter of chess through chess-related activities - Announces launch of Women's Wednesday Online Tournament Series, 'Swiss Queens Wednesday', in partnership with the International Chess Federation. Weekly event is aimed at elevating women's participation in the sport and will be hosted on the FIDE Online Arena platform. Tournaments will start January 31. Read More

IN BRIEF: World Chess raises additional funds of EUR1.5 million

22nd Jan 2024 14:32

World Chess PLC - London-based promoter of chess through chess-related activities - Since its admission to the Main Market of the London Stock Exchange in April 2023 and raising gross proceeds of approx. GBP3 million of new funds in the process, says it has been executing its multi-channel strategy In September 2023, says it raised additional funds of approximately EUR1.5 million via a share subscription with a shareholder to support its growth projects. Chief Executive Officer Ilya Merenzon says: "Chess is one of the oldest sports in the world, yet it's one of the youngest in terms of commercialisation. It is World Chess's ambition to reinvent chess for new audiences and new experiences. Some aspects of chess, such as merchandising, have been ignored to date despite the immense rise in popularity globally. In 2023, our first year as a listed company, we invested in products, technology and processes and we now intend to deploy these for the benefit of the investors and the sport in general." Read More

IN BRIEF: World Chess issues shares to development partner Engiscent

1st Dec 2023 11:29

World Chess PLC - London-based promoter of chess through chess-related activities - Issues 2.9 million new shares at EUR0.07 per share in lieu of EUR200,000 in fees. The shares are issued to Engiscent Pte Ltd, a development partner of World Chess. The shares represent a 0.4% stake, as World Chess now has 670.1 million in total. "We are delighted that our long-term partners have chosen to become investors in World Chess," says Chief Executive Officer Ilya Merenzon. "We know they are genuinely interested in our sport and we look forward to working together to further develop chess." Read More

EARNINGS: Jersey O&G and World Chess losses widen, Arecor narrows

14th Sep 2023 12:05

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: World Chess raises EUR1.5 million from share subscription

4th Sep 2023 13:51

World Chess PLC - London-based organiser of chess-related entertainment, including Armageddon chess league - Existing shareholder who isn't named subscribes for 21.7 million new shares at EUR0.07 per share, raising EUR1.5 million for the company. World Chess says the investment is payable in seven tranches between this month and March next year. "We are pleased that an existing shareholder has agreed to increase their investment in the company and look forward to sharing further news about the company's development and future plans in due course," says Chief Executive Officer Ilya Merenzon. Read More

TRADING UPDATES: Aquila European says no hit from Siemens Energy woe

30th Jun 2023 14:07

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

23rd Jun 2023 15:51

IN BRIEF: World Chess aims to fuel "renaissance" with new Berlin club

22nd May 2023 14:20

World Chess PLC - London-based organisation seeking to promote "the mass market appeal of chess" - Announces official opening of World Chess Club Berlin on Unter Den Linden street in Berlin city centre. Venue will operate as a bar, events space, cafe and "concept chess shop". Company says location is ideal due to chess being popular in Germany and Berlin's "vibrant" cafe and bar scene. Opening is inspired by World Chess' aim to "reinvent the chess club culture" so that venues become social centres and part of mainstream society. The Berlin club will host city-wide and European chess events and will operate as headquarters for the Armageddon Chess Series. The 2023 series has already been filmed at the venue. World Chess intends to open more clubs in other countries, and says the Berlin venue is at the forefront of "the chess club renaissance". Read More

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