REG - Wise PLC - Total Voting Rights

WiseAnnouncement

01/03/2024 14:15

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RNS Number : 3184F  Wise PLC  01 March 2024

 

 Wise plc

(the "Company")

 

Total Voting Rights and Capital

 

In accordance with Disclosure Guidance and Transparency Rule 5.6.1 the Company
would like to notify the market of the following:

 

The Company's issued share capital consists of 1,024,777,252 class A ordinary
shares of £0.01, each carrying one vote ("Class A Shares") and 398,889,814
class B ordinary shares of £0.000000001. The Company does not hold any Class
A Shares or Class B Shares in treasury.

 

The total number of voting rights attributable to the Class A Shares is
1,024,777,252.

 

The total number of voting rights attributable to the Class B Shares is
2,523,525,678 and therefore the total number of voting rights in the Company
in aggregate across the Class A Shares and the Class B Shares is
3,548,302,930.

 

It is noted that the latest aggregate voting rights in the Company across the
Class A Shares and the Class B Shares would result in Kristo Käärmann
holding over 50% of the total voting rights in the Company through his Class A
Share and Class B Share holding. In accordance with the Company's articles of
association, for so long as Kristo Käärmann remains Chief Executive Officer
of the Company, his voting rights are capped by reducing the exercisable votes
in respect of his Class B Share holding to one vote below 50% of the total
votes eligible to be cast in respect of a shareholder resolution (reducing to
one vote below 35% should he cease to be Chief Executive Officer of the
Company).

 

When accounting for the total number of Class B Share voting rights that will
be restricted as a result of the above mentioned cap, the total exercisable
voting rights in the Company in respect of the Class B Shares is
2,429,597,683, meaning that the total exercisable voting rights in the Company
in aggregate across the Class A Shares and Class B Shares is 3,454,374,935.

 

For any queries related to this, please contact the Company Secretariat on
cosec@wise.com (mailto:cosec@wise.com)

 

 

 

 

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