BuybackJul 21, 2026, 08:41 AM
Wise Group Launches £405M Share Buyback Program
AI Summary
Wise Group plc has initiated a share buyback program, previously announced on June 26, 2026, for an aggregate maximum consideration of up to £405 million (approximately $540 million). The program, managed by Goldman Sachs International, began on July 21, 2026, and is slated for completion by March 31, 2027. Its primary objectives are to reduce the company's share capital and fulfill employee share scheme obligations, with 40% of repurchased shares allocated to employee equity awards and 60% to be held in treasury.
Key Highlights
- Wise Group plc launched a share buyback program for up to £405 million (approximately $540 million).
- The buyback commenced on July 21, 2026, and is expected to complete by March 31, 2027.
- The program aims to reduce the company's share capital and satisfy obligations from employee share schemes.
- Approximately 40% of repurchased shares will go to the Employee Share Trust, with 60% held in treasury.
- Goldman Sachs International will conduct the buyback on behalf of the company.
- Purchases can be made on Nasdaq, London Stock Exchange, CBOE Europe Limited, and Aquis.
- The maximum number of Class A ordinary shares that may be purchased is 102,500,025.
Price Impact
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