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LONDON - Wise (LON:WISEa) plc shareholders have overwhelmingly approved the company’s proposal to transfer its primary listing from the London Stock Exchange (LON:LSEG) (LSE) to a U.S. stock exchange while maintaining a secondary listing in London.
The money transfer company announced Monday that all necessary shareholder approvals were secured at court meetings and an extraordinary general meeting held earlier in the day.
The scheme of arrangement required multiple approvals to proceed, including a 75% threshold from both Class A and Class B shareholders. Class A shareholders voted 90.58% in favor, with 77.12% of voting shareholders supporting the move. Among Class B shareholders, 84.55% voted to approve the proposal, representing 81.82% of voting shareholders.
All four special resolutions needed to implement the scheme were also passed at the extraordinary general meeting with approximately 84.7% support.
"We’re pleased that our Owners have overwhelmingly approved the Proposal, giving us a strong mandate to proceed," said David Wells, Chair of Wise, in a statement included in the press release.
The company first announced its review of listing arrangements on June 5, 2025, and published a circular detailing the proposal on July 3.
The scheme remains subject to satisfaction of remaining conditions and is expected to become effective in the second quarter of 2026, according to the company.
Wise, which was launched in 2011, reported processing over $197 billion in cross-border transactions in fiscal year 2025, serving approximately 15.6 million customers globally.
The company did not specify which U.S. exchange it plans to list on. The transfer represents another significant financial services company shifting its primary listing away from London.
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