Holding(s) in Company

RNS Number : 1835T

Wise PLC

20 July 2022

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BL9YR756

Issuer Name

WISE PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Distributions by certain of the Valar funds

3. Details of person subject to the notification obligation

Name

James Fitzgerald and Andrew McCormack as managing members of Valar Ventures GP LLC, Valar Co-Invest 1 GP LLC and Valar Velocity GP 1 LLC

City of registered office (if applicable)

New York, New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

NAME	CITY OF REGISTERED OFFICE	COUNTRY OF REGISTERED OFFICE
Valar Global Principals Fund I LP	New York, New York	United States
Valar Co-Invest 1 LP	New York, New York	United States
Valar Global Fund I LP	New York, New York	United States
Valar Velocity Fund I LP	New York, New York	United States

5. Date on which the threshold was crossed or reached

18 July 2022

6. Date on which Issuer notified

20 July 2022

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	10.85%			498,837,770
Resulting situation on the date on which threshold was crossed or reached

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

CLASS/TYPE OF SHARES ISIN CODE (IF POSSIBLE)	NUMBER OF DIRECT VOTING RIGHTS (DTR5.1)	NUMBER OF INDIRECT VOTING RIGHTS (DTR5.2.1)	% OF DIRECT VOTING RIGHTS (DTR5.1)	% OF INDIRECT VOTING RIGHTS (DTR5.2.1)
49,883,777 Class A ordinary shares	49,883,777		1.084%
49,883,777 Class B Ordinary Shares	448,953,993		9.761%
Sub Total 8.A	498,837,770		10.845%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

TYPE OF FINANCIAL INSTRUMENT	EXPIRATION DATE	EXERCISE/CONVERSION PERIOD	NUMBER OF VOTING RIGHTS THAT MAY BE ACQUIRED IF THE INSTRUMENT IS EXERCISED/CONVERTED	% OF VOTING RIGHTS
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

TYPE OF FINANCIAL INSTRUMENT	EXPIRATION DATE	EXERCISE/CONVERSION PERIOD	PHYSICAL OR CASH SETTLEMENT	NUMBER OF VOTING RIGHTS	% OF VOTING RIGHTS
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate Controlling Person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
James Fitzgerald and Andrew McCormack as managing members of Valar Ventures GP LLC	Valar Global Principals Fund I LP	5.39%		5.39%
James Fitzgerald and Andrew McCormack as managing members of Valar Co-Invest 1 GP LLC	Valar Co-Invest 1 LP
James Fitzgerald and Andrew McCormack as managing members of Valar Ventures GP LLC	Valar Global Fund I LP
James Fitzgerald and Andrew McCormack as managing members of Valar Velocity GP 1 LLC	Valar Velocity Fund 1 LP

10. In case of proxy voting

Is there proxy voting?

No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

James Fitzgerald and Andrew McCormack are the managing members of the general partner entities of each of the Valar funds that hold shares in Wise plc.

12. Date of Completion

20 July 2022

13. Place Of Completion

New York, New York, United States  

 

END

 

 

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