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Wise Group plc launched a share buyback program on July 21, 2026, engaging Goldman Sachs International as the broker. The program has a maximum consideration of up to £405 million (approximately $540 million) for up to 102,500,025 Class A ordinary shares and is expected to complete by March 31, 2027. Approximately 40% of repurchased shares will be transferred to the Company's Employee Share Trust, with the remaining 60% to be held in treasury.
| Date | 21 Jul 2026 |
| Time | 07:56:15 |
| Category | Miscellaneous |
| ID | 1927N |
Wise Group plc
Wise Group plc launches share buyback program
New York, NY, July 21, 2026 - Wise Group plc (Nasdaq: WSE; LSE: WISE) (the "Company"), the global technology company building the best way to move and manage the world's money, today confirms the start of its share buyback program, which was previously announced on June 26, 2026. The Company has entered into non-discretionary arrangements with Goldman Sachs International (the "Broker") to carry out the program. Under the program, the Broker will repurchase the Company's Class A ordinary shares on the Company's behalf for an aggregate maximum consideration of up to £405 million (approximately $540 million) (the "Buyback").
Purchases can be made on Nasdaq and other applicable US trading venues, the London Stock Exchange, CBOE Europe Limited and Aquis. The Buyback will commence on July 21, 2026 and is expected to complete no later than March 31, 2027.
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 Employee Share Trust to satisfy employee equity awards, with the remaining 60% to be held in treasury.
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 European Union (Withdrawal) Act 2018 (as may be amended, extended and/or supplemented from time to time), and within the scope of the Company's existing authority to repurchase shares granted pursuant to a shareholder resolution of the Company passed on 29 April 2026 (the "Existing Authority") and any further authority to be conferred at the 2026 Annual General Meeting. Purchases will be made pursuant to a trading plan intended to qualify under Rule 10b5-1 of the Exchange Act.
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 September 30, 2026 or at the conclusion of the Company's next Annual General Meeting.
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
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.
In fiscal year 2026, Wise supported around 19 million people and businesses, processing over $240 billion in cross-border transactions and saving customers over $3 billion.
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