Block Admission Application

In brief · summary, not quotable

The Smarter Web Company PLC has applied to the London Stock Exchange for the admission of 54,066,335 new ordinary shares, expected to be effective on April 24, 2026, which represent the maximum number of shares issuable upon the exercise of outstanding Pre-IPO Warrants with a 2.5 pence exercise price, exercisable until April 24, 2028. The company has reduced its total outstanding Pre-IPO Warrants from 96,066,335 to the current 54,066,335 through two warrant transactions this year.

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The Smarter Web Company (LSE: SWC

OTCQB: TSWCF

FRA: 3M8) has applied to the London Stock Exchange plc for the admission of a total of 54,066,335 new ordinary shares of £0.001 each in the capital of the Company (the "New Ordinary Shares") to the Official List, pursuant to a block admission application.

Of the total number of warrants underlying the block admission, 25,778,732 are held by Andrew Webley, Chief Executive Officer of the Company, and his spouse, with a further 1,450,000 warrants held by directors and employees of the Company.

The New Ordinary Shares represent the maximum number of ordinary shares which may be issued pursuant to the valid receipt of a notice to exercise any of the outstanding warrants granted in April 2025 ("Pre-IPO Warrants"), which carry an exercise price of 2.5 pence per ordinary share and are exercisable from 24 April 2026 to 24 April 2028.

The New Ordinary Shares subject to the block admission will be issued from time to time by the Company, as required, following receipt of a valid notice to exercise. Upon issue, the New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Admission of the New Ordinary Shares is expected to become effective on 24 April 2026. The Company will announce such allotments no later than 60 days following the date on which they occurred.

The Company notes it has completed two warrant transactions year to date, as announced on 16 March 2026 and 9 April 2026, reducing the total number of outstanding Pre-IPO Warrants from 96,066,335 (being the position following IPO admission) to 54,066,335.

Visit our website: https://www.smarterwebcompany.co.uk

The Directors of the Company accept responsibility for the contents of this announcement.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.