Smarter Web Company PLC launches IPO of MORE preferred shares on LSE Main Market

Prospectus published and float planned after FCA approval; IPO targets gross proceeds of £15m–£25m by issuing up to 277,777 MORE preferred shares at £90 each, for net proceeds of £13.10m–£22.70m, with an initial dividend rate of 12% per annum on £100 per preferred share.