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World Chess PLC ( (GB:CHSS) ) has shared an announcement.
World Chess PLC has announced amendments to a €6 million loan facility for its subsidiary, World Chess Events Limited. The loan’s maturity date has been extended to December 31, 2026, and the interest rate will increase from 4% to 12% per annum starting May 1, 2025. These changes are intended to provide the company with greater flexibility to pursue its growth strategy while maintaining a supportive funding structure.
More about World Chess PLC
World Chess PLC is a London-based chess gaming and entertainment company and the official commercial partner of the Fédération Internationale des Échecs (FIDE). The company is known for organizing FIDE Championship Matches in the USA and the UK and has significantly impacted the sport by securing major media partnerships. It also develops Armageddon, a chess league for prime-time television, and operates the FIDE Online Arena, the exclusive official chess gaming platform.
YTD Price Performance: -6.67%
Average Trading Volume: 293,880
Technical Sentiment Signal: Buy
Learn more about CHSS stock on TipRanks’ Stock Analysis page.
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