London Stock Exchange welcomes World Chess plc to the Main Market
The London Stock Exchange welcomes World Chess plc, a company promoting the mass market appeal of chess through the commercial offering of chess-related activities, to listing on the standard segment of our Main Market. World Chess’s ordinary shares are trading under the ticker symbol “CHSS”.
World Chess was established in 2012 and is led by an experienced and passionate management team. The Company is aiming to commercialise the historically traditional game of chess through pioneering media, sponsorship, and talent management activities. World Chess plans to build a leading intellectual sports brand worldwide and reinvent chess for the modern consumer.
World Chess operates The International Chess Federation (“FIDE”) official online gaming platform, organises global chess events and competitions, designs and sells chess merchandise, runs a talent and sponsorship agency and will soon open a chess club in Berlin. Supported by this multi-channel approach, World Chess will develop the competition level of the sport into a hybrid of e-sports and a Nobel prize awards ceremony.
As part of the listing process on the Main Market, World Chess has raised £3.04 million giving the company a market capitalisation on admission of c. £41.7 million
Ilya Merenzon, Chief Executive Officer of World Chess, commented:
“Today’s opening move onto the London Stock Exchange is a very exciting moment for World Chess and I would like to take this opportunity to thank the World Chess team and our partners for their combined hard work and extend a warm welcome to all our new shareholders.
“The funds raised will allow us to continue in our purpose of making chess more accessible, whilst simultaneously updating the image of chess and supporting the recent surge in the popularity of the sport.”
Advisors to World Chess are:
Novum Securities – Financial Advisors
Marriot Harrison LLP – Legal Advisors to the Company
Haines Watts East Midlands Audit LLP – Auditors
PKF Littlejohn LLP – Reporting Accountants
Yellow Jersey PR Limited – Financial Public Relations Adviser
First, please LoginComment After ~