Wise Group repurchases shares in £405m buyback
Rhea-AI Filing Summary
Wise Group plc (WSE) reports that between August 24 and August 28, 2026 it repurchased 286,461 Class A ordinary shares on Nasdaq and other US venues and 512,074 Class A ordinary shares on the London Stock Exchange and related venues through Goldman Sachs International or an affiliate. The repurchased shares will be held in treasury and form part of Wise’s share buyback program announced on July 21, 2026, under which the company expects to repurchase up to £405 million (approximately $540 million) of Class A ordinary shares.
Wise describes itself as a global technology company facilitating cross-border money movement and accounts. In fiscal year 2026, it supported around 19 million people and businesses, processing over $240 billion in cross-border transactions and saving customers over $3 billion.
Positive
- Share buyback of up to £405 million (~$540 million) of Class A ordinary shares provides a structured capital return framework.
- Strong operating scale: in fiscal 2026 Wise handled over $240 billion in cross-border transactions for around 19 million customers, with customer savings of over $3 billion.
Negative
- None.
Key Figures
Class A shares repurchased on US venues: 286,461 shares
Class A shares repurchased on London Stock Exchange and related venues: 512,074 shares
Share buyback program size: £405 million (approximately $540 million)
+3 more
6 metrics
Class A shares repurchased on US venues
286,461 shares
Repurchased between August 24 and August 28, 2026 on Nasdaq and other US trading venues
Class A shares repurchased on London Stock Exchange and related venues
512,074 shares
Repurchased between August 24 and August 28, 2026 on London Stock Exchange and other venues
Share buyback program size
£405 million (approximately $540 million)
Expected maximum repurchase amount for Class A ordinary shares under the July 21, 2026 buyback
Customers served in fiscal 2026
19 million people and businesses
Users supported by Wise in fiscal year 2026
Cross-border transaction volume in fiscal 2026
$240 billion
Cross-border transactions processed by Wise in fiscal year 2026
Customer savings in fiscal 2026
$3 billion
Amount Wise reports customers saved using its services in fiscal year 2026
Key Terms
treasury, share buyback program, Volume weighted average price, Market Abuse Regulation, +1 more
5 terms
treasury financial
"The repurchased Class A ordinary shares will be held in treasury."
The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.
Volume weighted average price financial
"Volume weighted average price paid per share | Highest price paid"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Market Abuse Regulation regulatory
"In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation)"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
Commission Delegated Regulation (EU) 2016/1052 regulatory
"and Commission Delegated Regulation (EU) 2016/1052 as such legislation forms part"
FAQ
How large is Wise Group plc’s (WSE) business based on fiscal 2026 data?
In fiscal year 2026, Wise supported around 19 million people and businesses, processed over $240 billion in cross-border transactions, and reports that customers saved over $3 billion using its services.
On which regulations does Wise Group plc (WSE) base disclosure of the buyback trades?
Wise notes that disclosure is made under Article 5(1)(b) of Regulation (EU) No 596/2014 (Market Abuse Regulation) and Commission Delegated Regulation (EU) 2016/1052 as retained in UK law, and for the UK FCA’s Listing Rule 14.3.17(2).
AI-generated analysis. How Rhea-AI works. Not financial advice.
