Subscription Agreement, Warrant Exercises & TVR
The Smarter Web Company PLC has announced updates regarding its Subscription Agreement and warrant exercises. The company sold 838,000 ordinary shares for gross proceeds of £579,371, approximately £0.69 per share, with the company receiving 98.25% of these proceeds. Additionally, 2,650,000 warrants were exercised at £0.025 per share, generating £66,250 in gross proceeds and resulting in the issuance of 2,650,000 ordinary shares. Following these transactions, the company has 378,240,705 ordinary shares in issue, each carrying one vote.
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The Smarter Web Company announces that 838,000 Ordinary Shares have been sold in accordance with the terms of the Subscription Agreement announced on 24 December 2025 (the “Subscription Agreement”).
The gross proceeds from the sale of these shares will be £579,371, equivalent to approximately £0.69 per share, and the Company will receive approximately 98.25% of these proceeds in accordance with the terms of the Subscription Agreement. The balance of Ordinary Shares issued under the Subscription Agreement which have not yet been sold is 37,492,788.
Exercise of Warrants
A total of 2,650,000 warrants have been exercised at £0.025 per share, resulting in gross proceeds of £66,250. Accordingly, 2,650,000 ordinary shares of £0.001 nominal value each (the “Ordinary Shares”) have been issued pursuant to the warrant exercises.
Following this exercise, 29,028,732 warrants remain outstanding, each with an exercise price of £0.025 per share. Of the total number of warrants outstanding, 25,778,732 are held by Andrew Webley, Chief Executive Officer of the Company, and his spouse, with a further 1,450,000 warrants held by directors and employees of the Company.
Total Voting Rights
The above figure of 378,240,705 ordinary shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Notification of Admission of Further Securities to Trading (PRM 1.6.4R)
| 1 | Details of the issuer | |
| a) | Name | The Smarter Web Company plc |
| b) | LEI | 213800VQO9FUG4PZMP73 |
| 2 | Details of the transferable securities admitted to trading | |
| a) | Name, type and identification code | Ordinary Shares of £0.001 each ISIN: GB00BPJHZ015 |
| b) | Regulated market | London Stock Exchange - Main Market |
| c) | Number of further securities issued and admitted | 2,650,000 |
| d) | Total number of securities in issue following admission | 378,240,705 |
| e) | Fungibility | Fully fungible with existing Ordinary Shares |
| 3 | Admission details | |
| a) | Date of admission | Issued between 26 September 2026 to 09 October 2026 (admitted under a block admission dated 24 April 2026) |
| b) | Prospectus information | N/A |
| c) | Coverage of notification | Admission to trading on the Main Market of the London Stock Exchange of shares issued pursuant to the exercise of the Company’s Pre-IPO Warrants during the period 26 September 2026 to 09 October 2026, under the Company’s block admission dated 24 April 2026. |
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The Smarter Web Company's Legal Entity Identifier (LEI) is 213800VQO9FUG4PZMP73.
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.