Wise
plc
(the
"Company")
Total Voting Rights and
Capital
In accordance with Disclosure Guidance
and Transparency Rule 5.6.1 the Company would like to notify the
market of the following:
The Company's issued share capital
consists of 1,024,777,252 class A ordinary shares of £0.01, each
carrying one vote ("Class A Shares") and 398,889,814 class B
ordinary shares of £0.000000001. The Company does not hold any
Class A Shares or Class B Shares in treasury.
The total number of voting rights
attributable to the Class A Shares is 1,024,777,252.
Further to a cessation of voting
rights in respect of 18,076,565 and 10,139,649 Class B Shares
(carrying, in aggregate, 253,945,926
voting rights) on 13 March 2024, in
accordance with the Company's articles of
association, the total number of voting rights, the total number of
voting rights attributable to the Class B Shares is
2,269,579,752 and therefore the total number of voting rights in
the Company in aggregate across the Class A Shares and the Class B
Shares is 3,294,357,004.
It is noted that the latest aggregate
voting rights in the Company across the Class A Shares and the
Class B Shares would result in Kristo Käärmann holding over 50% of
the total voting rights in the Company through his Class A Share
and Class B Share holding. In accordance with the Company's
articles of association, for so long as Kristo Käärmann remains
Chief Executive Officer of the Company, his voting rights are
capped by reducing the exercisable votes in respect of his Class B
Share holding to one vote below 50% of the total votes eligible to
be cast in respect of a shareholder resolution (reducing to one
vote below 35% should he cease to be Chief Executive Officer of the
Company).
When accounting for the total number
of Class B Share voting rights that will be restricted as a result
of the above mentioned cap, the total exercisable voting rights in
the Company in respect of the Class B Shares is 2,048,678,794, meaning that the total
exercisable voting rights in the Company in aggregate across the
Class A Shares and Class B Shares is
3,073,456,046.
For any queries related to this,
please contact the Company Secretariat on cosec@wise.com