The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) is pleased to announce a direct subscription (“Subscription”) by Oliver Hewett, Group Financial Controller, for new ordinary shares of £0.001 each ("Ordinary Shares") in the Company.
The Subscription has raised £502,034.23 (before expenses) through the issue of 1,283,975 Ordinary Shares at £0.391 per share.
The Subscription follows Oliver’s appointment as Group Financial Controller on 27 April 2026 using his personal funds at the closing bid price on 06 May 2026. The Board considers a personal investment of this nature by a senior employee to be consistent with the Company’s broader culture of alignment between management and shareholders.
Application has been made to the London Stock Exchange for the Subscription Ordinary Shares to be admitted to trading on its Main Market for listed securities (“Admission”). It is expected that Admission of the new Ordinary Shares will become effective at 8:00a.m. on or around 12 May 2026. The Subscription is conditional upon, among other things, Admission becoming effective.
The Subscription Ordinary Shares, when issued, will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Total Voting Rights
Following Admission, the total number of Ordinary Shares in issue in The Smarter Web Company will be 353,203,102 of £0.001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
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