Overview
- More than 90% of Class A and 84.6% of Class B shareholders backed the combined resolution to shift Wise’s primary listing to New York and prolong its dual-class share structure.
- Proxy advisers Glass Lewis and PIRC had urged investors to reject the bundled proposal, citing procedural fairness concerns, but their recommendations failed to sway the vote.
- Co-founder Taavet Hinrikus’s push for separate ballots and alternative governance schemes secured only limited support, underscoring the board’s consolidated backing.
- The approved scheme now moves to a High Court sanction hearing, where dissatisfied investors could raise legal challenges before the changes take effect.
- The US listing will give Wise access to deeper capital markets while maintaining a secondary London presence and preserving super-voting rights for CEO Kristo Käärmann until the mid-2030s.