Business
Appointment of Broker and Issue of Equity
Appointment of Broker and Issue of Equity.
About this update from World Chess Plc
[{"type":"text","content":"\n\n04 August 2023\n \nWorld Chess Plc\n(\"World Chess\" or the \"Company\")\nAppointment of Broker and Issue of Equity\nWorld 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, is pleased to announce that it has appointed Novum Securities Limited (\"Novum\") as sole broker to the Company with immediate effect.\n \nNovum has agreed to receive its first year's fee in new ordinary shares (\"Shares\") of the Company and as a result has been issued with 288,000 Shares.\n \nApplication is being made for the Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to be on or around 9 August 2023. The Shares rank pari passu with the existing ordinary shares of the Company. Following the issue of the Shares, the Company's issued ordinary share capital shall consist of 667,193,501 ordinary shares. The figure of 667,193,501 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's (\"FCA\") Disclosure Guidance & Transparency Rules.\n \n \nIlya Merenzon, Chief Executive Officer of World Chess, said:\n\"We are pleased to announce the appointment of Novum Securities Limited as the Company's broker. Having worked closely with Novum, as our financial advisor, through our IPO, we now look forward to working together in a broker capacity to enhance our corporate coverage and to deliver on our growth strategy.\"\n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \nFor more information, please visit https://worldchess.com/investors or contact:\n\n\n\nWorld Chess\nIlya Merenzon, CEO\n\n\nVia Yellow Jersey PR\n \n\n\n\n\nNovum Securities Limited\nDavid Coffman / George Duxberry\nColin Rowbury\n\n\n+44 (0) 20 7399 9400\n \n\n\n\n\nYellow Jersey PR\nCh...