The Smarter Web Company Plans LSE Preferred Share Listing to Back Bitcoin Treasury

The Smarter Web Company PLC (LSE: SWC), a UK-listed digital services group that holds Bitcoin as its primary treasury reserve asset, announced on 11 September 2026 that it is preparing a possible initial public offering of a new class of perpetual preferred shares on the Main Market of the London Stock Exchange.

The company is targeting gross proceeds of between £15 million and £25 million, with a minimum raise of £10 million required for the listing to proceed.

The Proposed “MORE” Preferred Shares The new securities, reserved under the ticker “MORE,” would carry a cumulative variable-rate weekly preferential dividend, a liquidation preference and a redemption right held by the company, but no voting rights at shareholder meetings.

A circular convening a general meeting of ordinary shareholders has been posted for 28 September 2026 at 10:00 a.m., where resolutions will be put forward to authorise the creation of the share class.