The Smarter Web Company placed 955,000 shares pursuant to the subscription agreement.

Techub News reports that The Smarter Web Company has placed 955,000 ordinary shares in accordance with the terms of the subscription agreement. The gross proceeds from the placement amount to £520,037 (before expenses), equivalent to approximately £0.54 per share. The company will receive approximately 98.25% of the proceeds upon settlement; according to the subscription agreement, the remaining balance of ordinary shares not yet placed is 59,020,500 shares.