Result of General Meeting
The Smarter Web Company PLC announced that all resolutions proposed at its general meeting were passed, including amendments to its articles of association and authorization for directors to allot and for the company to make market purchases of preferred shares. Resolution 1, to amend articles of association, received 163,808,753 votes for (99.86%), Resolution 2, to allot preferred shares, received 163,833,811 votes for (99.84%), and Resolution 3, to make market purchases of preferred shares, received 163,859,462 votes for (99.86%). These approvals allow for the immediate adoption of new articles of association and the creation of preferred shares, which could impact the company's capital structure and future share offerings.
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| The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces that at a general meeting of the Company (the “General Meeting”) held today, the resolutions set out in the notice of general meeting sent to shareholders ("Shareholders") of the Company on 11 September 2026 (the “Resolutions”) were passed on a poll. |
Resolutions 1 and 3 were proposed as special resolutions, and Resolution 2 was proposed as an ordinary resolution. The votes cast were as follows:
| Resolution | Votes For* | % | Votes Against | % | Total Votes | Votes Withheld** |
|---|---|---|---|---|---|---|
| 1. To amend the articles of association of the Company | 163,808,753 | 99.86 | 231,386 | 0.14 | 164,040,139 | 184,569 |
| 2. To authorise the directors of the Company to allot preferred shares | 163,833,811 | 99.84 | 258,208 | 0.16 | 164,092,019 | 132,689 |
| 3. To authorise the Company to make market purchases of preferred shares | 163,859,462 | 99.86 | 232,920 | 0.14 | 164,092,328 | 132,326 |
* No votes gave the Chairman discretion as to how to vote.
As a result of the passing of the Resolutions, the new articles of association have been adopted as the articles of association of the Company with immediate effect and are now in force. A copy of the new articles of association of the Company, as adopted, are now available on the Company’s website at: https://www.smarterwebcompany.co.uk/.
The Company’s issued share capital comprises 375,590,705 ordinary shares of nominal value £0.001 each. Each ordinary share carries the right to one vote at a general meeting of the Company and, therefore, the total number of voting rights in the Company is 375,590,705.
Copies of the Resolutions passed at the General Meeting will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism in accordance with UKLR 6.4.2R.
Further details of the Resolutions are included in the circular containing the notice of General Meeting, dated 11 September 2026 ("Circular") which can be found on the Company's website at: https://www.smarterwebcompany.co.uk/ and at the National Storage Mechanism.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.