REG - Wise PLC - Scheme of Arrangement

WiseAnnouncement

27/04/2026 15:45

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RNS Number : 0818C  Wise PLC  27 April 2026

 

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   8 May 2026
 A Shares
 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)       8.00 a.m. (London time) on 11 May 2026
 category of the Official List and trading on the Main Market in the United
 Kingdom
 Admission of Wise Group plc Class A Shares to the equity shares (transition)    8.00 a.m. (London time) on 11 May 2026
 category of the Official List and to trading on the Main Market in the United
 Kingdom
 Commencement of trading in Wise Group plc Class A Shares on Nasdaq in the       9.30 a.m. (New York time) on 11 May 2026
 United States

 

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

owners@wise.com (mailto:owners@wise.com)

 

Sana Rahman - Communications

press@wise.com

 

Brunswick Group

Charles Pretzlik / Emily Murphy

Wise@brunswickgroup.com

+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).

 

 

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