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."
Current stock price: 6.60 pence, untraded
12-month change: up 1.5%
By Sabrina Penty, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.