Business
£41.2 Million Raise from ABB & Subscription
£41.2 Million Raise from ABB & Subscription.
About this update from Smarter Web Company Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (INCLUDING ITS APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN THE SMARTER WEB COMPANY PLC WHERE SUCH OFFER WOULD BREACH ANY APPLICABLE LAW OR REGULATION.\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n26 June 2025\n \nThe Smarter Web Company PLC\n(\"The Smarter Web Company\" or \"Company\")\n \nResult Of Accelerated Bookbuild & Subscription Raising in Total Approx. £41.2 Million\n \nThe Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF) is pleased to announce the successful completion of an Accelerated Bookbuild (\"Bookbuild\") to institutional investors through Tennyson Securities and Peterhouse Capital Limited. A Subscription (\"Subscription\") with Qualified Investors (as defined in Article 2(e) of the United Kingdom version of Regulation (EU) 2017/1129 as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (as amended from time to time) (\"UK Prospectus Regulation\")) has also been completed.\n \nWith a high level of demand the Bookbuild and Subscription has raised approximately £41.2 million (before expenses), well above the stated minimum of £30 million, through the issue of a total of 14,221,623 new ordinary shares of £0.001 each (\"Ordinary Shares\") at £2.90 per share (\"Offer Price\"). The Offer Price was at the closing bid price on 25 June 2025.\n \n· ...