The Smarter Web Company Plans LSE Preferred Share Listing to Back Bitcoin Treasury

The Smarter Web Company PLC (LSE: SWC), a UK-listed digital services group that holds Bitcoin as its primary treasury reserve asset, announced on 11 September 2026 that it is preparing a possible initial public offering of a new class of perpetual preferred shares on the Main Market of the London Stock Exchange. The company is targeting gross proceeds of between £15 million and £25 million, with a minimum raise of £10 million required for the listing to proceed.

The Proposed “MORE” Preferred Shares

The new securities, reserved under the ticker “MORE,” would carry a cumulative variable-rate weekly preferential dividend, a liquidation preference and a redemption right held by the company, but no voting rights at shareholder meetings. A circular convening a general meeting of ordinary shareholders has been posted for 28 September 2026 at 10:00 a.m., where resolutions will be put forward to authorise the creation of the share class. The company cautions that there is “no guarantee that Preferred Shares will be issued or that the Company will proceed with the Possible IPO or Admission,” which remains subject to Financial Conduct Authority approval of a prospectus.

A Bitcoin Treasury Behind the Raise