TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
LONDON - World Chess PLC (LSE:CHSS) announced Wednesday that all resolutions were duly passed at its Annual General Meeting held earlier in the day.
Shareholders overwhelmingly supported the company’s proposals, with most resolutions receiving 100% approval from voting shares. The approved measures included the adoption of the 2024 Annual Report and Accounts, the Directors’ Remuneration Report and Policy, and the re-appointment of all five directors.
The special resolutions authorized the directors to allot shares in connection with previously announced transactions, including 11.67 million ordinary shares related to a February 2024 share subscription agreement and 16.67 million ordinary shares linked to a convertible loan note announced on May 13, 2025.
Another approved special resolution empowers directors to allot equity securities up to approximately 35% of the company’s current issued share capital.
Moore Kingston Smith LLP was re-appointed as the company’s auditor, with directors authorized to determine their remuneration.
World Chess, which describes itself as a chess gaming and entertainment company, serves as the official commercial partner of the Fédération Internationale des Échecs (FIDE). The company operates FIDE Online Arena and develops Armageddon, a chess league for television.
The voting results have been submitted to the Financial Conduct Authority via the National Storage Mechanism, according to the company’s press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.