Wise Group plc launches share buyback program
Purchases can be made on Nasdaq and other applicable US trading venues, the
The Buyback is being undertaken for the purposes of reducing the Company's share capital and satisfying obligations arising from employee share schemes and other equity awards. Approximately 40% of the shares repurchased as part of the Buyback will be transferred to the Company's
The Broker will conduct the Buyback on the Company's behalf and will make trading decisions in relation to the Buyback independently of the Company in accordance with certain pre-set parameters.
The Buyback will be conducted within the parameters prescribed by (i) applicable United States federal securities laws, including the pricing and volume requirements of Rule 10b-18 under the U.S. Securities Exchange Act of 1934 ("Exchange Act"), as amended, and (ii) the EU Market Abuse Regulation (596/2014) and the Commission Delegated Regulation (EU) 2016/1052 as such legislation forms part of law in the United Kingdom pursuant to the
The maximum number of Class A ordinary shares which may be purchased or committed to be purchased by the Company under the program is 102,500,025, being the number of Class A ordinary shares remaining under the Existing Authority granted by shareholders of the Company.
The Company will seek renewal of the shareholder authority to repurchase shares at its next Annual General Meeting so that repurchases under the Buyback may continue. The existing shareholder authority to buy back shares will expire at the earlier of the close of business on
The Company will make further announcements in respect of purchases under the Buyback as required by applicable law and regulation.
Enquiries
Martin Adams - Investor Relations
Sana Rahman - Communications
Charles Pretzlik / Emily Murphy
+44 (0) 20 7404 5959
About Wise
Wise is a global technology company, building the best way to move and manage the world's money.
With Wise Account and Wise Business, people and businesses can hold 40+ currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world's money.
In fiscal year 2026, Wise supported around 19 million people and businesses, processing over
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