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LONDON - The Smarter Web Company PLC announced Wednesday it has launched an accelerated bookbuild to raise a minimum of £30 million through a placing of new ordinary shares at £2.90 per share.
The placing, which opened immediately following the announcement, is being conducted by Tennyson Securities and Peterhouse Capital Limited to institutional investors. The bookbuild is expected to close at 21:00 on June 25, with results anticipated to be announced on June 26.
Founded in 2009 by Andrew Webley, former Head of Online at Hargreaves (LON:HRGV) Lansdown, the company provides web design, development and digital marketing services to businesses of various sizes.
The company stated it plans to use the proceeds to pursue its growth strategy, which includes organic growth opportunities around existing services and an acquisition strategy to accelerate scale. The company also noted it is implementing a Bitcoin Treasury Policy to support these growth initiatives.
Admission of the new shares to trading on the Access Segment of the Aquis Stock Exchange Growth Market is expected to become effective on July 1, 2025.
The announcement follows the company’s previously published "10 Year Plan" released on April 28, 2025.
The information is based on a press release statement issued by the company.
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