Replacement RNS: Capital Reduction Confirmed
The Smarter Web Company PLC has confirmed a capital reduction of £210,000,000 from its share premium account, with the High Court order now registered. This announcement amends a previous release and confirms the share premium account figure. Additionally, Jamie Knowles, Head of Capital Markets, is leaving the company, with investor engagement responsibilities to be managed by the senior management team and external advisors.
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The following amendment has been made to the "Capital Reduction Confirmed" announcement released on 15 July 2026 at 12:56:22 under RNS Number 4960M.
The amendment relates to the share premium account figure, which should read £210,000,000. All other information remains unchanged.
The full amended text is shown below.
The Smarter Web Company PLC
("The Smarter Web Company" or the "Company")
Capital Reduction Confirmed
| The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces that, further to the announcements made by the Company on 1 June 2026 and 17 June 2026, the reduction by the Company of its share premium account by £210,000,000 (the "Capital Reduction") was confirmed by the High Court of Justice in England and Wales (the "Court") on 14 July 2026. The Court order was delivered to the Registrar of Companies today and will be registered accordingly. The Capital Reduction will become effective upon such registration. |
Further details of the Capital Reduction are included in the Company's circular dated 1 June 2026 (the "Circular"), which can be found on the Company's website at: https://www.smarterwebcompany.co.uk/. Terms used but not defined in this announcement have the meaning given to them in the Circular.
The Company also announces that Jamie Knowles, Head of Capital Markets, will be leaving the Company. To support future growth initiatives, responsibility for investor engagement will be managed by the senior management team and external advisers.
Visit our website: https://www.smarterwebcompany.co.uk
Follow us on X: https://x.com/smarterwebuk
The Smarter Web Company's Legal Entity Identifier (LEI) is 213800VQO9FUG4PZMP73.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.