The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) has announced a direct subscription by newly appointed Group Financial Controller Oliver Hewett for ordinary shares in the business.
The subscription raised approximately £502,034 before expenses through the issue of 1.28 million new shares at 39.1p each, with the investment funded personally by Hewett following his appointment on 27 April 2026.
The company said the board views the investment as aligned with its broader strategy of strengthening alignment between management and shareholders.
An application has been submitted to the London Stock Exchange for the new shares to be admitted to trading on the Main Market, with admission expected to become effective on or around 12 May 2026.
Once issued, the new shares will rank equally with the company’s existing ordinary shares, including entitlement to future dividends and distributions.
Enquiries:
|
The Smarter Web Company CEO / Head of Capital Markets Andrew Webley / Jamie Knowles |
+44 (0) 117 313 0459 |
