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At the annual general meeting, World Chess shareholders approved two resolutions granting the management board a general authorization to issue shares and to exclude subscription rights. Both resolutions were adopted with 399,498,807 votes in favor and 2,200 votes against; there were 200 abstentions. As of the record date, the number of issued ordinary shares stood at 887,938,480. » Więcej na de.investing.com

World Chess has entered into a binding subscription agreement with two existing shareholders for approximately GBP 1,154,941. The plan is to issue 175,915,198 new ordinary shares at a price of GBP 0.00656533 per share; the transaction is subject to shareholder approval at the general meeting on 18 March. If approval is not obtained, the issuance will be reduced to 127,605,998 shares under the current authority. In addition, the exercise period for previously announced warrants will be extended from 31 December 2026 to 31 December 2028; the capital is intended to finance the next phase of growth. » Więcej na de.investing.com

Neil Rafferty has submitted his resignation as interim chair and director of World Chess, effective 11 May 2026, observing a three-month notice period. He will continue to perform his duties until his departure or until a successor is appointed. The board has launched a formal process to appoint a new chair as quickly as possible; World Chess operates the FIDE online platform worldchess.com and organises chess events and content such as the Armageddon Series. » Więcej na de.investing.com