30.8.2022 11:00:14 CEST | Play Magnus AS | Non-regulatory press releases

(Oslo, 30 August 2022) - Play Magnus Group's ground-breaking Challengers Chess
Tour will return next month with a line-up of the world's top juniors mentored
by legend of the game Judit Polgar.

The Tour, which helped launch the career of Indian superstar Rameshbabu
Praggnanandhaa and was shortlisted for a prestigious ESG Award for promoting
gender equality, will start its first two-day event on September 3.

Sixteen of the world's top Under 12, 14 and 16 age group players have been
invited to take part in the first leg alongside Under 18 and 20 stars such as
Raunak Sadhwani, Jonas Buhl Bjerre and Leon Mendonca.

The Julius Baer Challenge (September 3 to 4) will be followed by the Magnus
Academy Challenge (October 8 to 9) before the overall winner is crowned at the
Challengers Final Four on October 29 and 30.

Each tournament will carry a prize pot of $10,000.

In December the overall 2022 Tour Champion will go on to face 17-year-old
Praggnanandhaa, the 2021 Tour Champion, in a finale to the season worth a
further $10,000 in prize money. That match, named the Julius Baer Challenger
Championship, will be held on site in Tel Aviv, Israel.

Julius Baer supported last year's Challengers Chess Tour, a unique
gender-balanced chess event designed to promote new talent. Julius Baer is also
a title partner for this year's Meltwater Champions Chess Tour, which features
the world's best players.

Marco Parroni, Head Global Sponsoring & Partnership Julius Baer: "We are
thrilled to support the Challengers Chess Tour for the second time and to help
give young chess stars a springboard to stardom. Not only is the tour a great
platform for the brightest talents from around the world, but we also consider
its work to promote gender equality as particularly important."

Pragg won the 2021 Julius Baer Challengers Chess Tour and earned qualification
for the senior Meltwater Champions Chess Tour, where he hit the headlines
immediately in January with a memorable win over World Champion Magnus Carlsen. 

The series is part of a conscious effort by Play Magnus Group and the Swiss
private bank Julius Baer to develop young talent, advance gender equality in the
sport and find the next big stars in the game.

Polgar, the strongest female player in history, will return to the commentary
box to give expert insights on their players.

Every move of the 2022 tour will be streamed live and for free on 
chess24.com/tour - http://chess24.com/tour and on chess24's Twitch and YouTube
channels.

 

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in
this global sector, with a focus on servicing and advising sophisticated private
clients. In all we do, we are inspired by our purpose: creating value beyond
wealth. At the end of June 2022, assets under management amounted to CHF 428
billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with
origins dating back to 1890, is the principal operating company of Julius Baer
Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol:
BAER) and are included in the Swiss Leader Index (SLI), comprising the 30
largest and most liquid Swiss stocks.

Julius Baer is present in over 25 countries and around 60 locations.
Headquartered in Zurich, we have offices in key locations including Bangkok,
Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico
City, Milan, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore,
Tel Aviv and Tokyo. Our client-centric approach, our objective advice based on
the Julius Baer open product platform, our solid financial base and our
entrepreneurial management culture make us the international reference in wealth
management.

For more information visit our website at www.juliusbaer.com -
http://www.juliusbaer.com

 

About the Challengers Chess Tour

The Challengers Chess Tour is the leading gender-balanced online chess tour for
junior players worldwide determining the world's next rising chess talent over a
full competitive season of online chess. The 2022 season begins with tournaments
in September and October culminating in a Final on Oct 29 and Oct 30, where the
winner of the 2022 Challengers Chess Tour will be decided and qualify to face
2021 Tour Winner Rameshbabu Praggnanandhaa in a Championship Battle in Tel Aviv
on December 11-13 2022. The best young chess talents are competing in rapid
chess with all games taking place online on www.chess24.com -
https://chess24.us7.list-manage.com/track/click?u=d07f6cc121599f73e7b16646b&id=3
eaa305f47&e=9b9387130c with players competing for a total prize pool of USD
40,000. For more information visit https://challengerschesstour.com.

 

About Play Magnus Group 

Play Magnus Group is a global leader in the chess industry focused on providing
premier digital experiences for millions of chess players and students. The
company offers elearning and entertainment services via its market leading
brands: chess24, Chessable, iChess, New In Chess, Everyman Chess, Silver
Knights, CoChess, Aimchess, the Play Magnus App Suite, and the Meltwater
Champions Chess Tour. The Group's mission is to grow chess to make the world a
smarter place by encouraging more people to play, watch, study, and earn a
living from chess.


Play Magnus Group is listed on Euronext Growth Oslo under the ticker PMG and
OTCQX® Best Market under the ticker PMGMF. For more information visit pmg.me -
http://pmg.me/.

DISCLOSURE REGULATION

This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to the Market Abuse
Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities
Trading Act, and was submitted for publication by Arkus Fredriksson, Chief
Strategy Officer of Play Magnus Group.

CONTACTS

 * Investor Relations, ir@playmagnus.com 

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/16823864/1700/2296/Download%20announcement
%20as%20PDF.pdf