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IN BRIEF: Smarter Web raises £8 million via placing and subscription

ALN

Smarter Web Co PLC - Bristol, England-based web design, web development and online marketing services provider - Raises £5.3 million before expenses through a placing with an unnamed ‘well-known institutional investor’, and £2.9 million before expenses through a subscription with an unnamed ‘high-net-worth individual investor’ for 4.0 million new shares at 205 pence each. This brings total fundraise proceeds to £8.1 million.

Current stock price: 232.55 pence

12-month change: up from 4.50p at the company’s April IPO

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