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Wise plc announced on April 27, 2026, that the High Court of Justice sanctioned a scheme of arrangement to insert Wise Group plc as its new ultimate parent company. The Scheme's effectiveness is conditional on delivering the Court Order to the Registrar of Companies by 10:00 p.m. (London time) on May 8, 2026, which is also the last day of dealings for Wise plc Class A Shares. Wise plc Class A Shares are scheduled for delisting from the UK Main Market on May 11, 2026, at 8:00 a.m., when Wise Group plc Class A Shares will commence trading on the UK Main Market and on Nasdaq at 9:30 a.m. (New York time).
| Date | 27 Apr 2026 |
| Time | 15:33:50 |
| Category | Capital structure |
| ID | 0818C |
Wise plc
Court Approval of the Scheme of Arrangement
Wise plc ("Wise") confirms that the High Court of Justice in England and Wales (the "Court") has today sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") by which Wise Group plc will be inserted as the new ultimate parent company of Wise. The Scheme facilitates Wise's proposal to move its primary listing to the United States on Nasdaq and maintain a secondary listing in the United Kingdom on the London Stock Exchange.
We remain on track to complete our dual listing this quarter, with an expected listing date of 11 May 2026.
Next steps and timetable
The Scheme remains conditional on a copy of the Court Order being delivered to the Registrar of Companies, which is expected to take place at 10.00 p.m. (London time) on 8 May 2026. All other conditions to the Scheme have been satisfied.
There have been no changes to the expected timetable of principal events for the dual listing, a summary of which is set out below.
|
Event |
Expected Time / Date |
|
Last day of dealings in, and for registration of transfers of, Wise plc Class A Shares |
8 May 2026 |
|
Scheme Record Time |
6.30 p.m. (London time) on 8 May 2026 |
|
Scheme Effective Time |
10.00 p.m. (London time) on 8 May 2026 |
|
De-listing of Wise plc Class A Shares from the equity shares (transition) category of the Official List and trading on the Main Market in the United Kingdom |
8.00 a.m. (London time) on 11 May 2026 |
|
Admission of Wise Group plc Class A Shares to the equity shares (transition) category of the Official List and to trading on the Main Market in the United Kingdom |
8.00 a.m. (London time) on 11 May 2026 |
|
Commencement of trading in Wise Group plc Class A Shares on Nasdaq in the United States |
9.30 a.m. (New York time) on 11 May 2026 |
Capitalised terms used in this announcement, unless otherwise defined, have the same meanings as set out in the UK Prospectus published by Wise Group plc on 13 April 2026.
All dates and times are based on Wise's current expectations and are subject to change. If any of the dates and/or times in this expected timetable materially change, the revised dates and/or times will be notified to our owners by announcement through a Regulatory Information Service, and made available on Wise's website.
Enquiries
Martin Adams - Investor Relations
Sana Rahman - Communications
Brunswick Group
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. Launched in 2011, Wise is one of the world's fastest growing, profitable tech companies.
In fiscal year 2025, Wise supported around 15.6 million people and businesses, processing over £145 billion ($185 billion) in cross-border transactions and saving customers around £2 billion ($2.6 billion).