28th Jul 2025 22:04
(Alliance News) - Shareholders in Wise PLC on Monday backed plans to shift the fintech’s primary listing from London to New York.
The money transfer company said all special resolutions were passed at an extraordinary general meeting on Monday.
At the EGM, shareholders owning more than 90% of class A stock voted in favour of Wise's proposal to relist in the US. Shareholders owning almost 85% of class B stock also approved the move.
Wise needed approval from a majority of both sets of investors. It also needed to secure a majority of 75% of the value of the stock voted by the two groups of shareholders.
Chair David Wells said: "We're pleased that our owners have overwhelmingly approved the proposal, giving us a strong mandate to proceed."
"We appreciate the extensive engagement with our owners. With this high level of support, our focus is firmly on moving forward, further accelerating our mission of money without borders and creating long-term value for our owners as we progress to moving trillions."
Wise will maintain a secondary listing on the London Stock Exchange.
Shares in Wise closed up 1.1% at 1,034.00 pence each in London on Monday.
By Jeremy Cutler, Alliance News reporter
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