PKF supports The Smarter Web Company plc on the publication of its prospectus and proposed admission of its MORE Preferred Shares.
We are pleased to have supported The Smarter Web Company plc on the publication of its prospectus and proposed admission of its MORE Preferred Shares.
The proposed admission marks an important milestone for the company and is expected to introduce an innovative new investment instrument to the UK capital markets. Through the Offer, the company is seeking to raise between £15 million and £25 million through the issue of up to 277,777 Preferred Shares at an offer price of £90 per share.
The Smarter Web Company operates technology-enabled businesses and is pursuing a strategy of building a diversified portfolio of revenue-generating operational businesses alongside its Bitcoin treasury strategy. The proposed admission of the MORE Preferred Shares represents a significant step in the company’s capital markets strategy and an innovative addition to the UK listed market landscape.
“The approval of our prospectus for the MORE Preferred Shares is a landmark moment for The Smarter Web Company. We believe MORE will be the first instrument of its kind in the UK and an innovative addition to the UK capital markets. We are very grateful to Adam Humphreys, John Paolo Dula and the wider PKF team for their expertise and commitment as reporting accountants on a demanding timetable. We look forward to the expected Admission, subject to the conditions set out in the prospectus.”
Oliver Hewett, Chief Financial Officer, The Smarter Web Company plc
The PKF Littlejohn team advising on the transaction comprised Adam Humphreys, John Paolo Dula, Anisha Patel, Callum Bates and Adam Bowen.
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