Wise Group launches £405M buyback across US, UK
Wise Group plc has confirmed a buyback program of up to £405 million of its Class A shares, to be carried out by Goldman Sachs International on non-discretionary terms, with trading across Nasdaq, the London Stock Exchange and other venues beginning July 21, 2026 and expected to finish by March 31, 2027. About 40% of the repurchased shares will go to the Employee Share Trust to satisfy equity awards, while the remaining 60% will be held in treasury. The buyback is designed to reduce share capital and fund employee equity schemes, with trading decisions made independently by the broker within preset parameters and in line with applicable securities regulations. Wise plans to seek renewed shareholder authority at its next AGM to extend repurchases beyond the current expiry, which is due to occur on September 30, 2026. In broader market commentary, analysts have issued a consensus rating of Buy on Wise Group, with several firms upgrading or initiating coverage and target prices around the mid-teens. The program underscores Wise’s ongoing strategy as a global fintech focused on cross-border payments and multi-currency money management.
