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The Smarter Web Company PLC
IPO of Preferred Shares
£10m
Background
Acting as sole financial adviser on the £10 million IPO of its Preferred Shares on the Main Market of the London Stock Exchange.
The transaction saw the Company’s new Preferred Shares, trading under the ticker MORE, admitted to the Main Market. Following admission, the Company announced the first weekly dividend on the Preferred Shares.
Strand Hanson worked closely with the Company and the wider advisory group throughout the transaction, providing advice and support to help navigate a relatively novel structure and bring the IPO to a successful conclusion.
The wider advisory group included Mayer Brown, Orrick, Herrington & Sutcliffe, PKF Arsilon, Tennyson Securities and Marex.
The Strand Hanson team comprised James Bellman, Abigail Wennington, Harry Marshall and Otto Thompson.
Andrew Webley, Chief Executive Officer of The Smarter Web Company, commented:
“We are delighted to have completed this transaction and would like to thank the Strand Hanson team for their advice and support throughout the process.
Their experience of the London capital markets and hands-on approach were invaluable in helping us navigate a relatively novel structure and bring the transaction to a successful conclusion. We look forward to continuing to work together.”