Scheme of Arrangement

Summary by AI BETAClose X

Wise plc has received High Court approval for its scheme of arrangement, facilitating its move to a primary listing on Nasdaq in the United States and a secondary listing on the London Stock Exchange, with an expected listing date of May 11, 2026. The scheme becomes effective on May 8, 2026, after which Wise plc shares will delist from the UK market, and Wise Group plc shares will be admitted to trading in the UK and commence trading on Nasdaq. This dual listing is proceeding as planned, with all conditions now satisfied.

Disclaimer*

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 A Shares

8 May 2026

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) category of the Official List and trading on the Main Market in the United Kingdom

8.00 a.m. (London time) on 11 May 2026

Admission of Wise Group plc Class A Shares to the equity shares (transition) category of the Official List and to trading on the Main Market in the United Kingdom

8.00 a.m. (London time) on 11 May 2026

Commencement of trading in Wise Group plc Class A Shares on Nasdaq in the United States

9.30 a.m. (New York time) on 11 May 2026

 

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

 

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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