Smarter Web to Pay £0.2301 Dividend Per Share, Scheduled for Payment on the 23rd

The Smarter Web Company ($SWC) has declared a weekly dividend of £0.2301 per share on its MORE cumulative variable-rate preference shares, payable on November 23 to holders of record as of November 6, with the ex-dividend date set for November 5. The dividend applies to the week ending November 6 and reflects a 12% annualized yield on the shares' £100 par value. Of the 211,112 MORE preference shares issued, 111,137 are eligible for this payout, while Tennyson Capital has waived its dividend rights on the remaining 99,975 shares—held through a market sale facility—until they are sold. MORE shares carry weekly dividends and liquidation preference but no voting rights. Investors should watch the pace of Tennyson Capital's disposals under the market sale facility, as completed sales would expand the dividend-eligible share base in future weekly payouts.