Wise PLC Director/PDMR Shareholding (2812Q)

TIDMWISE

RNS Number : 2812Q

Wise PLC

26 October 2021

PDMR Dealing

Wise plc (the "Company") announces that the following transaction in the Company's class A ordinary shares of GBP0.01 each (" Shares ") has been undertaken by a person closely associated with Taavet Hinrikus, Executive Chairman and person discharging managerial responsibility ("PDMR").

 
 OÜ Notorious 
  (disposal of shares) 
 

The notification set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              OÜ Notorious 
     --------------------------------  -------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                   person closely associated with Taavet 
                                         Hinrikus (Executive Chairman) 
     --------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                              Wise plc 
     --------------------------------  -------------------------------------- 
 b)   LEI                               213800LD9XCHIC1C4V71 
     --------------------------------  -------------------------------------- 
 4    Details of the transaction(s): 
     ------------------------------------------------------------------------ 
 a)   Description of the financial      Class A ordinary shares of GBP0.01 
       instrument, type of instrument    each 
 
 
       Identification code 
                                         ISIN: GB00BL9YR756 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction                    Disposal of Shares 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s) 
 
                                          Price(s) Volume(s) 
                                          GBP8.15 10,000,000 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       Aggregated volume                  10,000,000 
 
       Price                              GBP81,500,000 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           22 October 2021 
     --------------------------------  -------------------------------------- 
 f)   Place of the transaction          London Stock Exchange, Main Market 
                                         (XLON) 
     --------------------------------  -------------------------------------- 
 

Wise plc (the "Company") announces that the following transaction in the Company's class A ordinary shares of GBP0.01 each (" Shares ") has been undertaken by a person closely associated with Taavet Hinrikus, Executive Chairman and person discharging managerial responsibility ("PDMR").

 
 OÜ Notorious 
  (disposal of shares) 
 

There is no change in Mr Hinrikus's beneficial shareholding in the Company as a result of the transaction below and he continues to have, through OÜ Notorious, an interest and voting rights in 93,616,498 class A ordinary shares and 53,966,926 class B ordinary shares, representing in aggregate approximately 12.64% of the voting rights in the Company.

The notification below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                             OÜ Notorious 
      -------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                  person closely associated with Taavet 
                                         Hinrikus (Executive Chairman) 
      -------------------------------  -------------------------------------------- 
 b)    Initial notification/amendment   Initial notification 
      -------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                             Wise plc 
      -------------------------------  -------------------------------------------- 
 b)    LEI                              213800LD9XCHIC1C4V71 
      -------------------------------  -------------------------------------------- 
 4     Details of the transaction(s) 
      ----------------------------------------------------------------------------- 
 a)    Description of the               Class A Ordinary Shares of GBP0.01 
        financial instrument,            each 
        type of instrument 
 
 
        Identification code              ISIN: GB00BL9YR756 
      -------------------------------  -------------------------------------------- 
 c)    Nature of the transaction        OÜ Notorious entered into a loan 
                                         agreement with Goldman Sachs International 
                                         Bank whereby OÜ Notorious granted 
                                         security over 39,649,572 class A ordinary 
                                         shares in the Company. Taavet Hinrikus 
                                         remains, through OÜ Notorious, 
                                         the beneficial owner of the shares 
                                         subject to the security and retains 
                                         full voting rights. 
      -------------------------------  -------------------------------------------- 
 (e)   Price(s) and volume(s)           Price(s) Volume(s) 
                                         n/a 39,649,572 
      -------------------------------  -------------------------------------------- 
 (f)   Aggregated information           N/A 
        Aggregated volume 
        Price 
      -------------------------------  -------------------------------------------- 
 (g)   Date of the transaction          21 October 2021 
      -------------------------------  -------------------------------------------- 
 (h)   Place of the transaction         Outside of a trading venue 
      -------------------------------  -------------------------------------------- 
 

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October 26, 2021 05:17 ET (09:17 GMT)