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Result: WRAP Retail Offer & Accelerated Bookbuild

In brief · summary, not quotable

Smarter Web Company raised £13.4m through retail offer and accelerated bookbuild at 81p per share.

vs expectations: well above the stated minimum of £8 million

  • Amount raised £13.4m
  • Offer Price £0.81 per share
  • New Ordinary Shares issued 16,538,799
  • Retail Offer proceeds £400,000
  • Bookbuild proceeds £12,996,427
  • Total Ordinary Shares post-admission 204,181,466
Full announcement

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With a high level of demand from both existing and new shareholders the WRAP Retail Offer and Bookbuild has raised approximately £13.4 million (before expenses), well above the stated minimum of £8 million, through the issue of a total of 16,538,799 new ordinary shares of £0.001 each ("Ordinary Shares") at £0.81 per share ("Offer Price"). The Offer Price was at the closing bid price yesterday, 04 June 2025.

  • A total of 493,827 new Ordinary Shares will be issued through the WRAP Retail Offer at the Offer Price, raising £400,000 (before expenses)
  • A total of 16,044,972 new Ordinary Shares will be issued through the Bookbuild at the Offer Price, raising £12,996,427 (before expenses)

Please note that the WRAP Retail Offer was made in the United Kingdom as an exempt public offer, which is subject to a €8 million fundraising limit over a 12 month period. As a result of previous fundraises, the Company was only able to raise a maximum of approximately £400,000 through the WRAP Retail Offer.

It is expected that Admission of the new Ordinary Shares will become effective at 08:00, on or around 10 June 2025. The Bookbuild is conditional upon, among other things, Admission becoming effective.

Total Voting Rights

Following Admission, the total number of Ordinary Shares in issue in The Smarter Web Company will be 204,181,466 ordinary shares of £0.001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Visit our website: https://www.smarterwebcompany.co.uk

Follow us on X: https://x.com/smarterwebuk

The Smarter Web Company CEO Andrew Webley+44 (0) 117 313 0459
Tennyson Securities Lead Broker Peter Krens+44(0) 207 186 9030
Peterhouse Capital Limited Aquis Stock Exchange Corporate Adviser Guy Miller Aquis Stock Exchange Corporate Broker Lucy Williams / Duncan Vasey+44 (0) 207 469 0930

The Company's LEI is 213800VQO9FUG4PZMP73.

Appendix

Details of the Placing Agreement and the Placing Shares

Application for admission to trading on Aquis

Placing

The principal terms of the Placing are as follows:

  • The timing of the closing of the Placing will be at the discretion of the Brokers.

Conditions of the Placing

  • the delivery of placing deliverables to the Brokers;
  • the date of Placing Agreement; and
  • the closing of the Placing ("Closing Date"),
  • the Placing Shares having been allotted, subject only to Admission;
  • the obligations of the Brokers not having been terminated under the Placing Agreement;
  • Admission having become effective by the Closing Date.

Right to terminate the Placing Agreement

  • Peterhouse or Tennyson are of the reasonable opinion (acting in good faith) that:
  • in the reasonable opinion of Peterhouse and/or Tennyson (acting in good faith), any:
  • outbreak, declaration or escalation of hostilities; or

No Admission Document or Prospectus

Registration and Settlement

Representations, Warranties and Further Terms

  • that time shall be of the essence as regards obligations pursuant to this Appendix;

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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