The Smarter Web Share News (SWC)

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday last week and not separately reported by Alliance News:

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Smarter Web Company PLC - Guildford, Surrey-based website design agency - Provides update on three months to March 31. Highlights "substantial growth in operating business revenue with costs in line with expectations." Combined operating businesses generated revenue of GBP439,203 and pretax profit of GBP152,326. Smart Web continued to execute its Bitcoin treasury strategy amid a volatile market, adding 31 Bitcoin to its treasury to bring total holdings to 2,695 Bitcoin, worth around GBP140 million at period-end. Bitcoin yield for the quarter was negative 0.18%. "Bitcoin yield for the quarter takes into account one-off costs associated with uplisting to the London Stock Exchange Main Market, the acquisition of Squarebird Agency Ltd and the results of the voluntary warrant purchase programme," company notes. Smarter Web expects to release its interim results on or around June 18.

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B Hodl PLC - Douglas, Isle of Man-based company focused on bitcoin accumulation - On Thursday, acquires 1 Bitcoin at USD68,051, bringing its Bitcoing treasury position to 165.487 BTC at an average USD108,866 each. Additionally, enters into a further subscription agreement with Canaccord Genuity Ltd to implement a new at-the-market equity offering. In its first offering, B Hodl raises GBP42,300 through the issue of 600,000 ordinary shares at average 7.05 pence each.

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Sovereign Metals Ltd - Perth, Australia-based mining company - Nears completion of its second year of rehabilitation trials at the Kasiya Rutile-Graphite Project. "The pilot mining, backfilling, and rehabilitation program is a key workstream and input into the definitive feasibility study, which is being completed under the oversight of the Sovereign-Rio Tinto Technical Committee," Sovereign says. Adds: "The rehabilitation trials provide practical, multi-year evidence demonstrating Sovereign's alignment with international rehabilitation, environmental, and community good-practice standards. Empirical data from the trials has been used to prepare the mine closure and mine rehabilitation plans, which are now integrated into the mining, backfilling and post-mining closure planning - critical components for project bankability and alignment with the standards required by development finance institutions." Adds that farmers involved in the trial have requested that Sovereign remains at the trial site to support them in establishing a farming co-operative.

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Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Zen Ventures Ltd, a company controlled by Chief Executive Officer Paul Elliott, provides a further secured loan of GBP103,700 to augment working capital and support cashflow. Also, Active Energy agrees to convert GBP278,200 of outstanding loans into new ordinary shares of 00.035 pence each. Following the issue of the conversion shares, the outstanding balance owed to Zen Ventures will decline to GBP200,000 from GBP478,200. A separate Zen Ventures Ltd GBP200,000 convertible loan note remains in place and is unaffected by the conversion.

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Celsius Resources Ltd - Philippines-focused gold and copper producer - Appoints Bardin Davis managing director following his engagement as a strategic advisor in January. Davis was previously CEO of Peak Rare Earths Ltd Chief Financial Officer of UPC/AC Renewables Australia.

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Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, formerly Eqtec PLC - Receives non-binding offer from a leading global insurance provider, arranged through Lockton Global Energy, in respect of an investment-grade insurance solution initially structured for one of its customer's potential projects. The proposed insurance solution is designed to provide coverage for both the two-year technology warranty period a site acceptance test backstop. This represents "a significant milestone in the company's strategy to de-risk project delivery and enhance bankability," Forgent says. Adds: "Importantly, while the NBO has been structured in the context of just one project, the Company believes that the underlying insurance framework is capable of being applied across its broader project portfolio. The board's intention is to establish a repeatable, scalable insurance solution that can be deployed across future projects utilising the Company's technology."

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Digital 9 Infrastructure PLC - London-based investor in internet infrastructure such as data centres and subsea fibre - Agrees to receive GBP10 million from a settlement of the earn-out associated with the company's sale of Verne Global to Ardian. The proceeds will be reflected in Digital 9's valuation of the earn out in the 2025 year-end financial statements, following a nil valuation of the Verne earn-out as at June 30, 2025. Receipt of the proceeds, together with proceeds from previous disposals, is expected to result in a compulsory redemption of ordinary shares in late April equivalent to around 3.5 pence per share.

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Valereum PLC - Manchester, England-based digital asset infrastructure firm - Updates on its USD2.5 million investment agreement with Blubird Global. Tranches totalling USD900,000 have been funded. "Valereum and Blubird are engaged in constructive discussions regarding the future of the investment arrangements in light of the companies' respective strategic priorities. These discussions include the possibility of agreeing revised terms that would conclude the investment without further funding. A further update will be provided as appropriate," company says.

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Time To ACT PLC - Stockton-On-Tees, England-based company focused on engineering technology for energy transition supply chain - Raises GBP415,000 through the issue of 6.9 million shares at 6 pence each. Proceeds will fund "a range of investment objectives." Also intends to launch of WRAP retail offer at the same issue price. The Fundraise is conditional on the admission of the Fundraising Shares to trading on the Aquis Growth Market, expected April 14. Additionally, confirms that it is in advanced discussions to acquire the business and assets MTE Heat Treatment Ltd. Says it has no further ongoing interest in Versarien PLC assets that it had disclosed in December.

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By Aidan Lane, Alliance News reporter

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