Wise Repurchases 1.08 Million Shares in First Week of £405 Million Buyback Program
The fintech firm acquired shares across London and U.S. trading venues between August 10-14, with CFO Thomassin signing off on the transaction disclosure.
Buyback Program Underway
Wise Group plc disclosed in a 6-K filing that it repurchased a total of 1,084,514 Class A ordinary shares between August 10 and August 14, 2026, as part of its recently announced share buyback program (6-K filing, 2026-08-18).
The global payments technology company acquired 525,000 shares on Nasdaq and other U.S. trading venues, alongside 559,514 shares on the London Stock Exchange, all transacted through Goldman Sachs International or its affiliates. The repurchased shares will be held in treasury, according to the filing.
Transaction Details
The filing provided granular trading data for the five-day period, showing purchases across multiple venues including XLON, CHIX, BATE, and Nasdaq. On August 10 alone, Wise executed 14 separate transactions across these platforms, with prices ranging from £9.07 to £9.68 in London and $12.27 to $13.14 in the United States (6-K filing, 2026-08-18).
The transactions represent the initial phase of a substantial capital return program that Wise announced on July 21, 2026. The company "expects to repurchase up to £405 million (approximately $540 million) of its Class A ordinary shares" under the program (6-K filing, 2026-08-18).
Regulatory Framework
The filing noted that the repurchases were conducted in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) and Commission Delegated Regulation (EU) 2016/1052, as incorporated into U.K. law by the EU (Withdrawal) Act 2018. The announcement also complies with the U.K. Financial Conduct Authority's Listing Rule 14.3.17(2) (6-K filing, 2026-08-18).
Chief Financial Officer Emmanuel Thomassin signed the report on behalf of the company pursuant to the requirements of the Securities Exchange Act of 1934 (6-K filing, 2026-08-18).
Company Performance Context
Wise, which builds technology for cross-border money movement and management, reported supporting approximately 19 million people and businesses in fiscal year 2026. The company processed over $240 billion in cross-border transactions during that period, claiming to have saved customers over $3 billion (6-K filing, 2026-08-18).
The company's platform includes Wise Account and Wise Business products that enable holding of over 40 currencies, international money transfers, and foreign spending. Its technology is also licensed to large companies and banks as part of what Wise describes as "an entirely new network for the world's money" (6-K filing, 2026-08-18).
MarginX data indicates that Wise is expected to report its First-Half 2027 results on November 6, 2026. Recent insider activity shows sales by directors Diana Avila Gonazlez (33,060 shares) and Rohan Basu (8,631 shares).
With a market capitalization of approximately $13 billion and shares closing at $9.55, the £405 million buyback program represents roughly 2.4% of the company's current market value based on the sterling-to-dollar conversion implied in the filing.
This article was generated by MarginX from the 6-K filing on 2026-08-18. It is not investment advice.