21st Jul 2026 11:38
Wise Group PLC - London-based money transfer services - Starts on Tuesday the share buyback programme it announced with its annual results in June. Wise commissions Goldman Sachs International to buy back up to GBP405 million, about USD540 million, in shares by the end of March next year, which is Wise's financial year-end. In announcing the buyback last month, Wise only said it would be worth more than USD500 million. About 40% of the shares repurchased will be used for employee share awards and the remainder held in treasury. Wise pays no cash dividend.
Current stock price: 917.20 pence for GBP9.41 billion market capitalisation
12-month change: down 11%
By Tom Waite, Alliance News editor
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