The Smarter Web Company PLC is pleased to announce a placing of the Company’s shares by Tennyson Securities and Peterhouse Capital Limited to institutional investors (“Accelerated Bookbuild” or “Placing”) through the issue of new ordinary shares of £0.001 each at £2.90 per share ("Ordinary Shares") (“Offer Price”). The Accelerated Bookbuild will open immediately following this announcement and the Company aims to raise a minimum of £30m.
Background and Use of Proceeds
The Smarter Web Company, founded in 2009 by Andrew Webley, helps businesses of all sizes enhance their online presence and return on digital investment. Its core services include web design, development and digital marketing.
Before founding The Smarter Web Company, Andrew Webley was the Head of Online at Hargreaves Lansdown, one of the UK's most successful financial services companies. The Company has a clear strategy for growth focusing on:
- Organic growth opportunities around existing, established services
- An acquisition strategy intended to accelerate scale
- As the Company explores opportunities through organic growth and corporate acquisitions it is pioneering the adoption of a supporting Bitcoin Treasury Policy Please also see “The 10 Year Plan” announced by the Company via regulatory news at 07:00 on 28 April 2025 and available on the Company website.
Accelerated Bookbuild
The Accelerated Bookbuild will open immediately following this announcement. The Accelerated Bookbuild will close at 21:00 on 25 June 2025. Institutional investors should contact Tennyson Securities or Peterhouse Capital Limited to take part. The result of the Accelerated Bookbuild is expected to be announced by the Company on 26 June 2025, at approximately 07:00.
The Accelerated Bookbuild is conditional on the new Ordinary Shares being admitted to trading on the Access Segment of the Aquis Stock Exchange Growth Market ("Admission"). It is anticipated that Admission will become effective and that dealings in the new Ordinary Shares will commence on Aquis, at 08:00 on 01 July 2025.