Result of General Meeting
World Chess PLC announced that both resolutions presented at its General Meeting were passed unanimously on a poll, with 399,498,807 votes for each resolution and only 2,200 votes against. These resolutions granted the directors a general authority to allot shares and disapplied pre-emption rights, which are crucial for the company's future fundraising and strategic flexibility. The total number of voting rights at the time of the meeting was 887,938,480 ordinary shares.
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World Chess PLC (LSE: CHSS) (the "Company"), a leading chess organisation committed to expanding the global appeal of chess, announces that at its General Meeting held earlier today, both resolutions were passed on a poll. The votes cast and votes withheld in relation to each resolution were as follows:
| No | Resolution 1,2 | Votes FOR | % votes FOR | Votes AGAINST | % votes AGAINST | Votes WITHHELD 3 |
|---|---|---|---|---|---|---|
| Ordinary resolution | ||||||
| 1 | General authority of directors to allot shares | 399,498,807 | 100% | 2,200 | 0% | 200 |
| Special resolution | ||||||
| 2 | Disapplication of pre-emption rights | 399,498,807 | 100% | 2,200 | 0% | 200 |
- The full text of the resolutions can be found in the Notice of the General Meeting sent to shareholders on the Company's website at https://www.company.worldchess.com/investors.
- As at the record date for eligibility to vote at the Company's General Meeting, the Company had 887,938,480 Ordinary Shares in issue. Accordingly, the Company's total number of voting rights was 887,938,480.
| World Chess Plc Ilya Merenzon, CEO | merenzon@worldchess.com |
| AlbR Capital Limited Financial Adviser: David Coffman / Dan Harris | +44 (0) 20 7469 0930 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.