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World Chess PLC held its Annual General Meeting (AGM) on 25 June 2025, where all 14 proposed resolutions were duly passed by its shareholders. These approvals included the adoption of the Annual Report and Accounts for the year ended 31 December 2024, the re-appointment of directors and auditors, and the authorization for directors to allot shares up to an aggregate nominal amount of £28,604.35. Shareholders also specifically approved the allotment of 11,667,187 Ordinary Shares of 0.01p related to a share subscription agreement and 16,666,667 Ordinary Shares of 0.01p in connection with a convertible loan note.
| Date | 25 Jun 2025 |
| Time | 15:57:51 |
| Category | AGMs and other meetings |
| ID | 4263O |
25 June 2025
WORLD CHESS PLC
Result of Annual General Meeting
World Chess PLC (LSE: CHSS) (the "Company"), a leading chess organisation committed to expanding the global appeal of chess, announces that at its Annual General Meeting held earlier today ("AGM"), all resolutions were duly passed.
Proxy votes received and held by the Chair in the event a poll had been called were as follows:
|
No |
Resolution1 |
Votes FOR |
% votes For |
Votes AGAINST |
% votes Against |
Votes WITHHELD2 |
|
|
ORDINARY RESOLUTIONS (1 to 11)
|
|
|
|
|
|
|
1 |
To receive and adopt the Annual Report and Accounts of the Company for the year ended 31 December 2024.
|
400,781,248
|
100% |
0 |
0% |
0 |
|
2 |
To approve the Directors' Remuneration Report.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
3 |
To approve the Directors' Remuneration Policy.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
4 |
To re-appoint as a director Richard Henry Collett.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
5 |
To re-appoint as a director Jamison Reed Firestone.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
6 |
To re-appoint as a director Ilya Merenzon.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
7 |
To re-appoint as a director Neil Martin Rafferty.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
8 |
To re-appoint as a director Matvey Shekhovtsov.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
9 |
To re-appoint Moore Kingston Smith LLP as auditors.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
10 |
To authorise the directors to determine the remuneration of the auditors.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
11 |
That pursuant to Section 551 of the Companies Act 2006, the Directors be and are generally and unconditionally authorised to exercise all the powers of the Company to allot shares in the Company or to grant rights to subscribe for or convert any security into shares in the Company up to an aggregate nominal amount of £28,604.35.
|
400,779,748
|
100% |
1,500 |
0% |
0 |
|
|
SPECIAL RESOLUTIONS (12 to 14)
|
|
|
|
|
|
|
12 |
That, subject to the passing of resolution 11 above, the Directors be empowered pursuant to section 571 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash pursuant to the authority conferred by resolution 11 above as if section 561 of the Act did not apply to such allotment, provided that this power shall be limited to the allotment of 11,667,187 Ordinary Shares of 0.01p in connection with the share subscription agreement announced on 8 February 2024.
|
400,781,248
|
100% |
0 |
0% |
0 |
|
13 |
That, subject to the passing of resolution 11 above, the Directors be empowered pursuant to section 571 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash pursuant to the authority conferred by resolution 11 above as if section 561 of the Act did not apply to such allotment, provided that this power shall be limited to the allotment of 16,666,667 Ordinary Shares of 0.01p in connection with the convertible loan note announced on 13 May 2025.
|
400,781,248
|
100% |
0 |
0% |
0 |
|
14 |
That, subject to the passing of resolution 11 above, the Directors be empowered pursuant to section 571 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash pursuant to the authority conferred by resolution 11 above as if section 561 of the Act did not apply to such allotment, provided that this power shall be limited to the allotment of an aggregate nominal amount of £25,028.80 being approximately 35% per cent. of the current issued share capital of the Company.
|
400,781,248
|
100% |
0 |
0% |
0 |
1. The full text of the resolutions can be found in the Notice of the Annual General Meeting sent to shareholders on the Company's website at www.worldchess.com/investors.
2. Votes 'Withheld' are not a vote in law and have not been counted in the calculation of the votes % 'For' and % votes 'Against' the resolutions.
In accordance with Listing Rule UKLR 22.2.6 R copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
A copy of the poll results for the Annual General Meeting will also be available on the World Chess Plc website: https://worldchess.com/investors
For more information, visit: www.worldchess.com or contact:
|
World Chess PLC
Ilya Merenzon, CEO
|
merenzon@worldchess.com |
|
Novum Securities Limited - Financial Adviser
David Coffman / Anastassiya Eley
|
+44 (0) 20 7399 9400 |
Notes to Editors
About World Chess PLC
World Chess (LSE: CHSS) is a London-based chess gaming and entertainment company and Fédération Internationale des Échecs ('FIDE') official commercial partner. World Chess organised the FIDE Championship Matches in the USA, and the UK, and revolutionised the sport by signing the biggest media partnerships in history. World Chess develops Armageddon, the chess league for prime-time television. World Chess also runs FIDE Online Arena, the exclusive official chess gaming platform.
More at worldchess.com