BTC Purchase & Directors’ Holdings after Fundraise
Purchased 230.05 Bitcoin for £17.97m; raised £45m before expenses via fundraising activities.
- Bitcoin purchased 230.05 BTC
- Average purchase price per Bitcoin £78,103
- Amount spent on Bitcoin £17,967,595
- Total Bitcoin holdings 773.58 BTC
- Total capital raised (before expenses) approximately £45 million
- Shareholder dilution 9.07%
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| The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London listed technology company, announces the purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows: |
- Number of Bitcoin Purchased: 230.05 Bitcoin
- Average Purchase Price: £78,103 per Bitcoin ($107,126 per Bitcoin)
- Amount Purchased: £17,967,595
- Total Bitcoin Holdings: 773.58 Bitcoin
- Total Average Purchase Price: £78,022 per Bitcoin ($107,015 per Bitcoin)
- Total Amount Purchased: £60,356,259
- Approximate net cash in treasury available to be deployed into Bitcoin: £38,000,000
Directors Share Holdings
Following recent fundraising activities (summarised below), the Company announces updated percentages relating to the Directors' share holdings.
- A Subscription Agreement, announced 19 June, where 7 million shares have now been admitted to the Access Segment of the Aquis Stock Exchange Growth Market and proceeds will be announced once all shares have been successfully placed. Shares cannot be placed below the previous days closing bid price. Other terms are as per the 19 June announcement
- A Subscription with a single strategic investor, announced on 23 June, raising approximately £3.8 million (before expenses)
- A successful Accelerated Bookbuild & Subscription, announced on 26 June, raising approximately £41.2 million (before expenses)
These combined activities have resulted in a total dilution of 9.07% for existing shareholders, including the Directors, offset by a capital injection of approximately £45 million (before expenses) plus the proceeds of the 7 million shares when proceeds will be known.
| Name | Holding Before | Holding After | % Before | % After |
|---|---|---|---|---|
| Andrew Webley & Family (including those held by Joanna Webley) | 27,388,732 | 27,418,732 | 12.42% | 11.31% |
| Tyler Evans | 960,000 | 960,000 | 0.44% | 0.40% |
| Mario Visconti (including those held as 123 Accounting Solutions Ltd) | 950,000 | 950,000 | 0.43% | 0.39% |
| Sean Wade & Family (including those held as Keysford Ltd) | 767,346 | 767,346 | 0.35% | 0.32% |
| 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 Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.