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LONDON - Wise (LON:WISEa) plc announced Thursday it has published a circular detailing its proposal to transfer from the London Stock Exchange (LON:LSEG) (LSE) to a US stock exchange as its primary listing while maintaining a secondary listing in London.
The financial technology company, which specializes in international money transfers, plans to implement the change through a court-sanctioned scheme of arrangement that would establish Wise Group plc, a new Jersey-incorporated and UK tax-resident entity, as the ultimate parent company.
According to the scheme circular, Wise will hold shareholder meetings on July 28, 2025, to approve the reorganization, which also requires sanction from the High Court of Justice of England and Wales.
"The Board believes this proposal will help us accelerate our journey to becoming ’the’ network for the world’s money," said David Wells, Chair of Wise, in the press release. He added that the move would provide "better access to the world’s deepest and most liquid capital market" while expanding the company’s ownership base.
Wise’s board has unanimously recommended that shareholders vote in favor of the scheme, with all directors intending to support it with their personal holdings.
The company stated it remains committed to the UK, where approximately one-fifth of its operations are based and where it continues to hire and invest. Subject to conditions being met, the scheme is expected to become effective in the second quarter of 2026.
In fiscal year 2025, Wise reported supporting approximately 15.6 million customers and processing over $185 billion in cross-border transactions.
The company has established a helpline for shareholders with practical questions about the circular or voting procedures.
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