World Chess PLC ( (GB:CHSS) ) has shared an update.
World Chess Plc has announced the issuance of 22,666,672 new ordinary shares, following the receipt of all amounts due under a subscription agreement with Blitz Intelligence FZCO and the exercise of a put option agreement. The new shares, which are expected to be admitted to the London Stock Exchange on 28 February 2025, will increase the company’s total issued ordinary share capital to 715,108,659 shares. This move is anticipated to enhance the company’s market presence and provide stakeholders with updated voting rights information.
More about World Chess PLC
World Chess Plc is a London-based chess gaming and entertainment company, serving as the official commercial partner of the Fédération Internationale des Échecs (FIDE). The company is known for organizing FIDE Championship Matches in the USA and the UK, and has significantly impacted the sport by securing major media partnerships. Additionally, World Chess develops the Armageddon chess league for prime-time television and operates the FIDE Online Arena, an exclusive official chess gaming platform.
YTD Price Performance: 13.33%
Average Trading Volume: 317,688
Technical Sentiment Consensus Rating: Buy
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