Subscription Agreement Update - £2.6m Proceeds
Company places 2,043,000 shares raising £2.6m gross proceeds at £1.28 per share
- Gross proceeds £2,612,340
- Price per share £1.28
- Shares placed 2,043,000
- Remaining to place 548,799
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| The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London listed technology company, announces that 2,043,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 19 June 2025 (the "Subscription Shares"). |
The gross proceeds from the placing of the Subscription Shares will be £2,612,340 (before expenses), equivalent to approximately £1.28 per share, and the Company will receive approximately 97% of the proceeds as settlement early this week.
The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement announced on 19 June 2025 is 548,799.
Visit our website: https://www.smarterwebcompany.co.uk
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| The Smarter Web Company CEO Andrew Webley | +44 (0) 117 313 0459 |
| Tennyson Securities Lead Broker Peter Krens | +44(0) 207 186 9030 |
| Strand Hanson Limited Aquis Stock Exchange Corporate Adviser James Spinney / James Bellman | +44 (0) 207 409 3494 |
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.