This website has been prepared and issued by The Smarter Web Company PLC (the “Issuer”). The Issuer is a public limited company incorporated in England and Wales with registered number 00092343 and its registered office is 160 Aztec West, Almondsbury, Bristol, BS32 4TU. This website contains general information about the Issuer and its business.
This website does not constitute an offer or invitation in respect of the sale or purchase of securities in any jurisdiction, or of any of the businesses or assets described in this website. If, however, an offer to sell or purchase investments is made in the future, it will be subject to the terms of a formal prospectus or equivalent document circulated at the time and not on the basis of the information contained in this website.
This webpage is not intended to constitute a “financial promotion” for the purposes of the Financial Services and Markets Act 2000. The Issuer is neither authorised nor regulated in the conduct of its business by the Financial Conduct Authority in the UK. Any person viewing this website in jurisdictions outside of the UK should inform themselves about and observe any applicable legal requirements. It is the responsibility of every person reading this website to satisfy her/himself as to the full observance of the laws of any relevant country, including obtaining any governmental or other consent which may be required or observing any other formality which needs to be observed in that country. This website has not been approved by any regulatory authority.
This website, including without limitation all text, graphics and images, is protected by intellectual property rights. The contents of this website are not legal, tax, business, investment or other advice. This website and the information contained herein are subject to correction, completion and/or amendment by the Issuer. To the best of the knowledge and belief of the Issuer (who has taken reasonable care to ensure that such is the case), the information contained in this website is in accordance with the facts and does noes omit anything likely to affect the import of such information. Whilst this website has been prepared in good faith, no representation, warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability is or will be accepted by the Issuer, any related undertaking or its or any of their respective officers, employees or agents in relation to the adequacy, accuracy, completeness or reasonableness of this website, or of any other information (whether written or oral), notice or document supplied or otherwise made available to any interested party or its advisors in connection with the information contained in this website and/or the matters contemplated thereby. All and any such responsibility and liability is expressly disclaimed. In particular, but without prejudice to the generality of the foregoing, no representation, warranty, assurance or undertaking is given as to the achievement or reasonableness of any future projections, management estimates, prospects or returns contained in this website, or in such other information, notice or document.
By visiting this website, each recipient agrees to be bound by the limitations set out in this section entitled “Important Information” and elsewhere in this website. Notwithstanding the foregoing, nothing in this website shall exclude any liability for, or remedy in respect of, fraudulent misstatement.
The Smarter Web Company PLC reserves the right to update this important information at any time.
The Smarter Web Company Plc (the Company) 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. At the outset, it is important to note that 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 by the FCA. And cryptocurrencies (such as Bitcoin) are unregulated 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. And because Bitcoin is unregulated, 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 sell its Bitcoin at will. The ability to 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.
