Wise Group (Nasdaq: WSE) starts £405m Class A share buyback
Rhea-AI Filing Summary
Wise Group plc has launched a share buyback program authorizing repurchases of Class A ordinary shares for an aggregate maximum consideration of up to £405 million (approximately $540 million). Repurchases will be executed by Goldman Sachs International under non-discretionary arrangements on Nasdaq, other US venues, the London Stock Exchange, CBOE Europe and Aquis, starting July 21, 2026 and expected to complete no later than March 31, 2027.
The buyback is intended to reduce share capital and meet obligations from employee share schemes and other equity awards. Around 40% of repurchased shares will be transferred to the Company’s Employee Share Trust, with the remaining 60% held in treasury. The maximum number of Class A ordinary shares that may be purchased under the program is 102,500,025, reflecting the shares remaining under existing shareholder authority, which expires at the earlier of the close of business on September 30, 2026 or the conclusion of the next Annual General Meeting.
Wise highlights its scale, noting that in fiscal year 2026 it supported around 19 million people and businesses, processed over $240 billion in cross-border transactions and saved customers over $3 billion in fees.
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Rule 10b-18 regulatory
Rule 10b5-1 regulatory
EU Market Abuse Regulation (596/2014) regulatory
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