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Wise Shareholders Approve New York Primary Listing and Extend CEO Voting Control

The vote cleared the way for Wise’s move to a US listing, extending super-voting rights pending a High Court sanction.

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Taavet Hinrikus and Kristo Kaarmann founded Wise in 2007
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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.