Subscription Agreement Update - £0.3m Proceeds
The Smarter Web Company PLC has placed 1,067,000 Ordinary Shares, generating gross proceeds of £299,091, or approximately £0.28 per share, with the company receiving about 98.25% of these funds. The remaining unplaced shares under the Subscription Agreement total 48,152,390.
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| The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces that 1,067,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 24 December 2025 (the "Subscription Shares"). |
The gross proceeds from the placing of the Subscription Shares will be £299,091 (before expenses), equivalent to approximately £0.28 per share, and the Company will receive approximately 98.25% of the proceeds as settlement. The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement is 48,152,390.
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The Directors of the Company accept responsibility for the contents of this announcement.
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