Wise PLC Class A (GB:WISE) has released an update.
Wise PLC has announced an update on its total voting rights and share capital, disclosing that the company’s issued share capital includes over 1 billion Class A Shares and nearly 400 million Class B Shares. Following a recent cessation of voting rights on some Class B Shares, CEO Kristo Käärmann now holds over 50% of the total voting rights, though this is capped to ensure his votes remain below 50% of the total votes for shareholder resolutions while he is CEO. The total exercisable voting rights in the company now stand at approximately 2.7 billion.
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