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Issue of Equity

14th Jan 2026 07:00

RNS Number : 7641O
World Chess PLC
14 January 2026
 

 

World Chess PLC

14 January 2026

World Chess Plc

("World Chess" or the "Company")

Issue of Equity

World Chess plc (LSE: CHSS), a leading chess organisation that develops and operates worldchess.com, is pleased to announce that is has raised €100,000 by way of a subscription for 8,333,333 new ordinary shares at €0.012 per share.

The investment has been made by a high-profile Portuguese entrepreneur with experience in the distribution, logistics, technology, and media sectors. World Chess plans to further develop in Portugal as the country holds deep historical significance in chess, having produced Pedro Damiano, whose 1512 treatise was among the first comprehensive books on the game. This investment will assist in those plans.

Application will be made to the London Stock Exchange for admission to trading on the Main Market for listed securities ("Admission"). Admission is expected to occur on or around 19 January 2026.

Following Admission, the Company's issued share capital will consist of 887,938,480 ordinary shares of 0.01p each, each with one voting right. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 887,938,480. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

For more information, please visit https://company.worldchess.com/investors or contact:

World Chess Plc

Ilya Merenzon, CEO

[email protected]

AlbR Capital Limited

Financial Adviser: David Coffman / Dan Harris

+44 (0) 20 7399 9400

Notes to Editors

World Chess (LSE: CHSS) is a leading chess organisation that develops and operates worldchess.com, a subscription platform with over one million users and the official online platform of the International Chess Federation (FIDE). The Company organized several World Chess Championships, including in New York and London. It organises the Armageddon Series and produces The World Chess Show, distributed across more than 50 international markets. More at worldchess.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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