Smarter Web Company PLC (SWC) has announced a weekly Preferred Dividend of £0.2301 per Preferred Share (TIDM: MORE) for the week ending Friday 13 November 2026, maintaining the current Preferred Dividend Rate of 12% per annum. The ex-dividend date is Thursday 12 November 2026, with a record date of Friday 13 November 2026 and a payment date of Monday 30 November 2026. The disclosure confirms that only 109,362 of the 211,112 Preferred Shares in issue are currently entitled to receive the payment, with Tennyson Capital having waived its dividend rights on shares held under the at-the-market facility.

Key Points

  • Smarter Web Company PLC (Ordinary Shares: SWC; Preferred Shares: MORE)
  • Weekly Preferred Dividend declared at £0.2301 per Preferred Share for the week ending 13 November 2026
  • Preferred Dividend Rate fixed at 12% per annum on a £100 reference amount; payment date is 30 November 2026
  • Investors should watch the 12 November 2026 update on any additional Preferred Share sales via the ATM facility

MORE Preferred Shares: £0.2301 Weekly Dividend Confirmed for 13 November 2026 Record Date

The Smarter Web Company confirmed that the Preferred Dividend Rate currently stands at 12% per annum, calculated on the Preferred Dividend Reference Amount of £100 as defined in the company's articles of association. The resulting weekly payment of £0.2301 per Preferred Share applies to the record date of Friday 13 November 2026. The announcement states that the Board retains the ability to vary the Preferred Dividend Rate within parameters set out in the prospectus published on 29 September 2026, with any change required to be announced via a Regulatory Information Service before the first applicable record date.

109,362 of 211,112 Preferred Shares Entitled to Payment as Tennyson Capital Waives Dividend Rights

Of the 211,112 Preferred Shares currently in issue, 109,362 are entitled to receive the declared dividend. The announcement states that 99,975 Preferred Shares are held by or on behalf of Tennyson Capital under the company's Preferred Shares at-the-market facility, and that Tennyson Capital has waived its right to receive any dividend on those shares until they are sold. A further 1,775 Preferred Shares are held in treasury by the company and carry no entitlement to dividends while held in that capacity. The company indicated it will provide an update on 12 November 2026 if additional Preferred Shares have been sold through the ATM facility.

Digital Services Operations and Bitcoin Treasury Strategy Underpin Smarter Web's Capital Structure

Smarter Web Company owns and operates digital services businesses focused on web design, development, and digital marketing, serving more than 500 client websites and generating revenue through long-term retained service arrangements. Alongside this operating model, the company maintains a Bitcoin Treasury Policy under which Bitcoin serves as its primary treasury reserve asset. The Board has acknowledged that the FCA considers Bitcoin investment to be high risk, and that the company's Bitcoin holdings are subject to volatility, liquidity constraints, and cybersecurity risks — factors that investors in both the ordinary shares and Preferred Shares may wish to consider carefully.