TIDMWISE

RNS Number : 1835T

Wise PLC

20 July 2022

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BL9YR756

Issuer Name

WISE PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Distributions by certain of the Valar funds

3. Details of person subject to the notification obligation

Name

James Fitzgerald and Andrew McCormack as managing members of Valar Ventures GP LLC, Valar Co-Invest 1 GP LLC and Valar Velocity GP 1 LLC

City of registered office (if applicable)

New York, New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

 
 NAME                           CITY OF REGISTERED OFFICE   COUNTRY OF REGISTERED OFFICE 
 Valar Global Principals Fund   New York, New York          United States 
  I LP 
                               --------------------------  ----------------------------- 
 Valar Co-Invest 1 LP           New York, New York          United States 
                               --------------------------  ----------------------------- 
 Valar Global Fund I LP         New York, New York          United States 
                               --------------------------  ----------------------------- 
 Valar Velocity Fund I LP       New York, New York          United States 
                               --------------------------  ----------------------------- 
 

5. Date on which the threshold was crossed or reached

18 July 2022

6. Date on which Issuer notified

20 July 2022

7. Total positions of person(s) subject to the notification obligation

 
                           % of voting rights    % of voting rights    Total of both in   Total number of 
                            attached to shares    through financial     % (8.A + 8.B)      voting rights held 
                            (total of 8.A)        instruments (total                       in issuer 
                                                  of 8.B 1 + 8.B 2) 
 Resulting situation 
  on the date on which 
  threshold was crossed 
  or reached               10.85%                                                         498,837,770 
                          --------------------  --------------------  -----------------  -------------------- 
 Resulting situation 
  on the date on which 
  threshold was crossed 
  or reached 
                          --------------------  --------------------  -----------------  -------------------- 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
 CLASS/TYPE OF SHARES      NUMBER OF DIRECT         NUMBER OF INDIRECT       % OF DIRECT VOTING   % OF INDIRECT VOTING 
 ISIN CODE (IF POSSIBLE)   VOTING RIGHTS (DTR5.1)   VOTING RIGHTS             RIGHTS (DTR5.1)      RIGHTS (DTR5.2.1) 
                                                    (DTR5.2.1) 
 49,883,777 Class 
  A ordinary shares        49,883,777                                        1.084% 
                          -----------------------  -----------------------  -------------------  --------------------- 
 49,883,777 Class 
  B Ordinary Shares        448,953,993                                       9.761% 
                          -----------------------  -----------------------  -------------------  --------------------- 
 Sub Total 8.A             498,837,770                                       10.845% 
                          ------------------------------------------------  -------------------  --------------------- 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
 TYPE OF FINANCIAL   EXPIRATION DATE   EXERCISE/CONVERSION   NUMBER OF VOTING              % OF VOTING RIGHTS 
  INSTRUMENT                            PERIOD                RIGHTS THAT MAY BE 
                                                              ACQUIRED IF THE INSTRUMENT 
                                                              IS EXERCISED/CONVERTED 
 
 Sub Total 8.B1 
                    --------------------------------------  ----------------------------  ------------------- 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
 TYPE OF FINANCIAL   EXPIRATION DATE   EXERCISE/CONVERSION   PHYSICAL OR        NUMBER OF VOTING   % OF VOTING 
  INSTRUMENT                            PERIOD                CASH SETTLEMENT    RIGHTS             RIGHTS 
 
 Sub Total 8.B2 
                    ---------------------------------------------------------  -----------------  ------------ 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
 Ultimate Controlling     Name of controlled       % of voting rights     % of voting rights     Total of both if 
  Person                   undertaking             if it equals or is      through financial     it equals or is 
                                                   higher than the         instruments if it     higher 
                                                   notifiable              equals or is higher   than the notifiable 
                                                   threshold               than the notifiable   threshold 
                                                                           threshold 
 James Fitzgerald 
  and Andrew McCormack 
  as managing members     Valar Global 
  of Valar Ventures        Principals 
  GP LLC                   Fund I LP               5.39%                                         5.39% 
                         -----------------------  ---------------------  ---------------------  ---------------------- 
 James Fitzgerald         Valar Co-Invest 1 
  and Andrew McCormack     LP 
  as managing members 
  of Valar Co-Invest 
  1 GP LLC 
                         -----------------------  ---------------------  ---------------------  ---------------------- 
 James Fitzgerald         Valar Global Fund 
  and Andrew McCormack     I LP 
  as managing members 
  of Valar Ventures 
  GP LLC 
                         -----------------------  ---------------------  ---------------------  ---------------------- 
 James Fitzgerald         Valar Velocity Fund 
  and Andrew McCormack     1 LP 
  as managing members 
  of Valar Velocity 
  GP 1 LLC 
                         -----------------------  ---------------------  ---------------------  ---------------------- 
 

10. In case of proxy voting

Is there proxy voting?

No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

James Fitzgerald and Andrew McCormack are the managing members of the general partner entities of each of the Valar funds that hold shares in Wise plc.

12. Date of Completion

20 July 2022

13. Place Of Completion

New York, New York, United States

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END

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July 20, 2022 09:12 ET (13:12 GMT)

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