IN BRIEF: Smarter Web signs new subscription agreement with Shard

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Smarter Web Co PLC - Guildford, Surrey-based website design agency - Amends subscription agreement with Shard Merchant Capital Ltd, announced in September. The new deal will cover 13.2 million shares previously issued to Shard, and not yet sold, together with 50.0 million additional new shares issued under the revised agreement. ‘As part of our ongoing efforts to enhance our capital markets activity, we have entered into a new subscription agreement to provide the company with additional flexibility as we plan for the next phase of growth. The updated structure allows us to respond more effectively to market conditions and investor demand, while continuing to raise capital in an orderly and transparent manner,’ says Smarter Web Chief Executive Andrew Webley.

Current stock price: 33.75 pence on the Aquis Exchange

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