Bitcoin Purchase and
Directors’ Holdings after Fundraising
The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London listed technology company, announces the purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows:
· Number of Bitcoin Purchased: 230.05 Bitcoin
· Average Purchase Price: £78,103 per Bitcoin ($107,126 per Bitcoin)
· Amount Purchased: £17,967,595
· Total Bitcoin Holdings: 773.58 Bitcoin
· Total Average Purchase Price: £78,022 per Bitcoin ($107,015 per Bitcoin)
· Total Amount Purchased: £60,356,259
· Approximate net cash in treasury available to be deployed into Bitcoin: £38,000,000
Directors Share Holdings
Following recent fundraising activities (summarised below), the Company announces updated percentages relating to the Directors’ share holdings.
· A Subscription Agreement, announced 19 June, where 7 million shares have now been admitted to the Access Segment of the Aquis Stock Exchange Growth Market and proceeds will be announced once all shares have been successfully placed. Shares cannot be placed below the previous days closing bid price. Other terms are as per the 19 June announcement
· A Subscription with a single strategic investor, announced on 23 June, raising approximately £3.8 million (before expenses)
· A successful Accelerated Bookbuild & Subscription, announced on 26 June, raising approximately £41.2 million (before expenses)
These combined activities have resulted in a total dilution of 9.07% for existing shareholders, including the Directors, offset by a capital injection of approximately £45 million (before expenses) plus the proceeds of the 7 million shares when proceeds will be known.
|
Name |
Holding Before |
Holding After |
% Before |
% After |
|
Andrew Webley & Family (including those held by Joanna Webley) |
27,388,732 |
27,418,732 |
12.42% |
11.31% |
|
Tyler Evans |
960,000 |
960,000 |
0.44% |
0.40% |
|
Mario Visconti (including those held as 123 Accounting Solutions Ltd) |
950,000 |
950,000 |
0.43% |
0.39% |
|
Sean Wade & Family (including those held as Keysford Ltd) |
767,346 |
767,346 |
0.35% |
0.32% |
About The Smarter Web Company
The Smarter Web Company offers web design, web development and online marketing services. Clients pay an initial fee, an annual hosting charge and an optional monthly marketing charge. Growth opportunities exist for The Smarter Web Company around these existing services.
In addition to organic growth, the Company will progress an acquisition strategy targeting other businesses with a view to growing its number of clients and / or recurring revenue. The Smarter Web Company will only make acquisitions where the Directors believe the timing and opportunity is appropriate.
Since 2023 The Smarter Web Company has adopted a policy of accepting payment in Bitcoin. The Company believes that Bitcoin forms a core part of the future of the global financial system and as the Company explores opportunities through organic growth and corporate acquisitions is pioneering the adoption of a Bitcoin Treasury Policy into its strategy.
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.
Visit our website: https://www.smarterwebcompany.co.uk
Follow us on X: https://x.com/smarterwebuk
|
The Smarter Web Company CEO Andrew Webley
|
+44 (0) 117 313 0459 |
