t
| Date | 18 Aug 2021 |
| Time | 14:00:07 |
| Category | Miscellaneous |
| ID | 0696J |
Wise plc
18 August 2021
Wise plc American Depositary Receipt Program
Wise plc (LON: WISE) is pleased to announce it has taken steps today to establish a level 1 American Depositary Receipt (ADR) program in the US by filing a registration statement on Form F-6 with the US Securities and Exchange Commission. It is expected that Wise's ADRs will begin trading on the over-the-counter (OTC) market on 8 September 2021, under a ticker symbol that will be announced closer to the program's effective date.
The ADR program will complement Wise's existing primary listing on the London Stock Exchange. One Wise ADR will represent one underlying Wise class A ordinary share.
The ADR program does not involve the issuance of new shares or the raising of new capital by Wise.
ADRs allow US investors to buy shares in foreign companies without the need for cross-border or cross-currency transactions. They are priced in US dollars and can be traded like shares of US-based companies listed on the OTC market.
J.P. Morgan has been appointed as the depositary bank for the Level 1 ADR program.
Further information
For further information on this update or the Company generally, please visit our website at www.wise.com/owners or see full contact details at the end of this release.
A copy of this announcement is available from the Company's website at www.wise.com/owners.
The Board of Directors of Wise authorised this announcement to be given to the London Stock Exchange.
Enquiries
Martin Adams - Head of Owner Relations
Abigail Daniels - Head of Public Relations
Brunswick Group
Charles Pretzlik / Sarah West / Samantha Chiene
+44 (0) 20 7404 5959
About Wise
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold 56 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world's fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.
10 million people and businesses use Wise, which processes over £5 billion in cross-border transactions every month, saving customers over £1 billion a year.
END