Wise Group plc (LON:WISE) today confirmed the start of its share buyback program, which was previously announced on June 26, 2026.

Wise has entered into non-discretionary arrangements with Goldman Sachs International to carry out the program. Under the program, Goldman Sachs International will repurchase the company’s Class A ordinary shares on the company’s behalf for an aggregate maximum consideration of up to £405 million (approximately $540 million).

Purchases can be made on Nasdaq and other applicable US trading venues, the London Stock Exchange, CBOE Europe Limited and Aquis. The Buyback will commence on July 21, 2026 and is expected to complete no later than March 31, 2027.

The Buyback is being undertaken for the purposes of reducing the Company’s share capital and satisfying obligations arising from employee share schemes and other equity awards. Approximately 40% of the shares repurchased as part of the Buyback will be transferred to the Company’s Employee Share Trust to satisfy employee equity awards, with the remaining 60% to be held in treasury.

The Broker will conduct the Buyback on the Company’s behalf and will make trading decisions in relation to the Buyback independently of the Company in accordance with certain pre-set parameters.

The maximum number of Class A ordinary shares which may be purchased or committed to be purchased by the Company under the program is 102,500,025, being the number of Class A ordinary shares remaining under the Existing Authority granted by shareholders of the Company.

Wise will seek renewal of the shareholder authority to repurchase shares at its next Annual General Meeting so that repurchases under the Buyback may continue. The existing shareholder authority to buy back shares will expire at the earlier of the close of business on September 30, 2026 or at the conclusion of the xompany’s next Annual General Meeting.