Result of AGM
Summary by AI BETAClose X
19 March 2026
The Smarter Web Company PLC
("The Smarter Web Company" or the "Company")
Result of Annual General Meeting
The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces that at the Annual General Meeting of the Company ("AGM") held today, the resolutions set out in the Notice of Annual General Meeting were passed on a poll.
Resolutions 14 to 18 were proposed as special resolutions. The votes cast in respect of each resolution were as follows:
|
Resolution1,2 |
Votes For |
% |
Votes Against |
% |
Votes Withheld3 |
Total Votes |
|
1 - receive accounts for year-ended 31 October 2025 |
99,148,939 |
99.9% |
50,503 |
0.1% |
67,725 |
99,267,167 |
|
2 - to approve Directors' Remuneration Report |
98,383,749 |
99.3% |
651,263 |
0.7% |
232,155 |
99,267,167 |
|
3 - to approve Directors' Remuneration Policy |
95,315,712 |
96.2% |
3,717,724 |
3.8% |
233,731 |
99,267,167 |
|
4 - to re-elect Sean Wade |
96,061,271 |
96.8% |
3,124,838 |
3.2% |
81,058 |
99,267,167 |
|
5 - to re-elect Andrew Webley |
99,162,288 |
99.9% |
69,872 |
0.1% |
35,007 |
99,267,167 |
|
6 - to re-elect Albert Soleiman |
96,386,522 |
97.2% |
2,798,827 |
2.8% |
81,818 |
99,267,167 |
|
7 - to re-elect Tyler Evans |
99,015,855 |
99.9% |
66,607 |
0.1% |
184,705 |
99,267,167 |
|
8 - to re-elect Randal Casson |
96,390,278 |
97.2% |
2,811,671 |
2.8% |
65,218 |
99,267,167 |
|
9 - to re-elect Martin Thomas |
96,381,562 |
97.2% |
2,820,387 |
2.8% |
65,218 |
99,267,167 |
|
10 - to re-appoint PKF Littlejohn LLP (auditor) |
99,141,740 |
99.9% |
50,253 |
0.1% |
75,174 |
99,267,167 |
|
11 - Audit Committee to determine auditor's remuneration |
99,149,675 |
99.9% |
68,965 |
0.1% |
48,527 |
99,267,167 |
|
12 - general authority to allot shares up to £2 million |
95,994,519 |
96.7% |
3,229,190 |
3.3% |
43,458 |
99,267,167 |
|
13 - approve LTIP |
95,899,220 |
96.7% |
3,265,149 |
3.3% |
102,798 |
99,267,167 |
|
14 - dis-application of pre-emption right (up to £2 million share allotment) |
95,971,122 |
96.7% |
3,249,260 |
3.3% |
46,785 |
99,267,167 |
|
15 - authority to approve market purchase of company's shares |
99,188,451 |
99.9% |
65,549 |
0.1% |
13,167 |
99,267,167 |
|
16 - adopt new articles |
99,109,723 |
99.9% |
68,836 |
0.1% |
88,608 |
99,267,167 |
|
17 - to approve the off-market purchase of Deferred Shares |
98,959,036 |
99.8% |
246,750 |
0.2% |
61,381 |
99,267,167 |
|
18 - to call a general meeting on 14 clear days' notice |
99,186,344 |
99.9% |
50,591 |
0.1% |
30,232 |
99,267,167 |
1 Resolutions are given here in brief summary - consult the Notice of AGM for the full text of each resolution which is available from the NSM:
https://data.fca.org.uk/artefacts/NSM/DirectUpload/NI-000139645/NI-000139645.pdf
2 As at the record date for eligibility to vote at the Company's AGM, the Company had 351,919,126 ordinary shares of £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 351,919,126.
3 A vote withheld is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" and "Against" any resolution.
A copy of the notice of Annual General Meeting and associated proposed new Articles can be consulted on the Company's website at: https://www.smarterwebcompany.co.uk/
Enquiries:
|
The Smarter Web Company CEO Andrew Webley
|
+44 (0) 117 313 0459 |
|
Tennyson Securities Lead Broker Peter Krens
|
+44 (0) 207 186 9030 |
|
Strand Hanson Limited Financial Adviser James Bellman / Abigail Wennington |
+44 (0) 207 409 3494 |
About The Smarter Web Company:
The Smarter Web Company offers web design, web development and online marketing services. Clients pay an initial fee, an annual hosting charge and an optional monthly marketing charge. Growth opportunities exist for The Smarter Web Company around these existing services.
In addition to organic growth, the Company will progress an acquisition strategy targeting other businesses with a view to growing its number of clients and / or recurring revenue. The Smarter Web Company will only make acquisitions where the Directors believe the timing and opportunity is appropriate.
Since 2022, The Smarter Web Company has adopted a policy of accepting payment in Bitcoin. The Company believes that Bitcoin forms a core part of the future of the global financial system and as the Company explores opportunities through organic growth and corporate acquisitions is pioneering the adoption of a Bitcoin Treasury Policy into its strategy.
Please also see "The 10 Year Plan" announced by the Company via regulatory news at 07:00 on 28 April 2025 and available on the Company website.
Visit our website: https://www.smarterwebcompany.co.uk
Follow us on X: https://x.com/smarterwebuk
The Directors of the Company accept responsibility for the contents of this announcement.
Important Notice:
The Smarter Web Company Plc holds treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or cryptoasset. Whilst the Board of Directors of the Company considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in Bitcoin to be high risk. An investment in the Company is not an investment in Bitcoin, either directly or by proxy. However, the Board of Directors of the Company consider Bitcoin to be an appropriate store of value and growth for the Company's reserves and, accordingly, the Company is materially exposed to Bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.
The Company is neither authorised nor regulated in the conduct of its business by the FCA. And there is currently limited regulation of cryptocurrencies (such as Bitcoin) in the UK. As with most other investments, the value of Bitcoin can go down as well as up, and therefore the value of the Company's Bitcoin holdings can fluctuate. The Company may not be able to realise its Bitcoin exposure for the same as it paid in the first place or even for the value the Company ascribes to its Bitcoin positions due to these market movements. An investment in the Company is not protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
Nevertheless, the Board of Directors of the Company has taken the decision to invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin presents to the Company's financial position. These risks include (but are not limited to): (i) the value of Bitcoin can be highly volatile, with value dropping as quickly as it can rise. Investors in Bitcoin must be prepared to lose all money invested in Bitcoin; (ii) the Bitcoin market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to buy or sell its Bitcoin at will. The ability to buy or sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. The Board of Directors of the Company does not subscribe to such a negative view, especially in relation to Bitcoin. However, prospective investors in the Company are encouraged to do your own research before investing.
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