Singapore markets open in 6 hours 4 minutes
  • Straits Times Index

    -0.93 (-0.03%)
  • S&P 500

    +17.45 (+0.39%)
  • Dow

    +160.20 (+0.45%)
  • Nasdaq

    -7.23 (-0.05%)

    +3,005.72 (+4.73%)
  • CMC Crypto 200

    +69.91 (+4.72%)
  • FTSE 100

    +5.57 (+0.08%)
  • Gold

    +16.70 (+0.94%)
  • Crude Oil

    +1.29 (+1.55%)
  • 10-Yr Bond

    +0.0010 (+0.06%)
  • Nikkei

    +40.03 (+0.14%)
  • Hang Seng

    +348.81 (+1.35%)
  • FTSE Bursa Malaysia

    +0.35 (+0.02%)
  • Jakarta Composite Index

    -2.77 (-0.04%)
  • PSE Index

    +30.77 (+0.42%)

WiseTech Global Ltd (WTC.AX) Notice of Founder/CEO Trading Program Recommencement

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
WiseTech Global Ltd (ASX:WTC)
WiseTech Global Ltd (ASX:WTC)

WiseTech Global Ltd (WTC.AX) Notice of Founder/CEO Trading Program Recommencement

Sydney, Australia, April 20, 2021 - (ABN Newswire) - WiseTech Global Limited (ASX:WTC) (HAM:17W) (OTCMKTS:WTCHF) has released an Appendix 3Y, Change of Director's Interest Notice, for WiseTech Founder and Chief Executive Officer, Mr Richard White.

Mr White advises the share sales to which the Appendix 3Y relates, have been undertaken as part of a trading program which commenced on 12 April 2021 and will continue until 30 June 2021 (Trading Period), subject to no material, non-public information arising during this period (the Trading Program).

The Trading Program is similar to that implemented in late August 2020 (which ceased on 31 December 2020) but has lower limits on daily trade volumes, which are designed to further reduce market impact.

Mr White intends to sell down a minor portion of his direct shareholding (equating to approximately 0.5% to 0.7% of the issued share capital of the Company) with small daily trades throughout the Trading Period to facilitate liquidity in the Company's shares and enable a further small diversification of his assets.

Mr White had voting control over approximately 44.79% of the Company's total issued capital prior to commencement of the Trading Period. Upon expiry of the Trading Period he is expected to retain voting control of approximately 44% of WiseTech shares.

The last sale of WiseTech shares by Mr White was in the period 27 August 2020 to 31 December 2020, during which Mr White sold 5,928,390 shares held in his personal capacity and by RealWise Holdings Pty Ltd, a company controlled by Mr White (the First Trading Program Period). The shares sold by Mr White during the First Trading Program Period equated to approximately 1.8% of WiseTech's current issued share capital.

Mr White remains WiseTech's largest shareholder and has confirmed his commitment to WiseTech as its founder and CEO, and his intent to remain a substantial, long-term shareholder.

Directors and employees of WiseTech, in aggregate, hold approximately 56.9% of the Company's issued share capital.

Mr White said, "I am excited about WiseTech's future growth opportunities and continue to be as committed and driven as ever to achieve our global growth ambitions. We are gaining momentum in positioning WiseTech's CargoWise offering as the leading execution software and operating system for global logistics. As we continue to execute our market penetration strategy, it is pleasing to see interest from new, long-term investors-large and small, local and global-wanting to be part of our growth journey. This is why it is important to enhance the liquidity of our stock through an orderly process and in a way that will benefit all of our shareholders."

About WiseTech Global Ltd:

WiseTech Global Ltd (ASX:WTC) is a leading developer and provider of software solutions to the logistics execution industry globally. Our customers include over 12,000 of the world's logistics companies across 150+ countries, including 43 of the top 50 global third-party logistics providers and 25 of the 25 largest global freight forwarders worldwide. Our flagship platform, CargoWise One, forms an integral link in the global supply chain and executes over 50 billion data transactions annually. At WiseTech, we are relentless about innovation, adding ~3,500 product enhancements to our global CargoWise platform in the past five years while bringing meaningful continual improvement to the world's supply chains. Our breakthrough software solutions are renowned for their powerful productivity, extensive functionality, comprehensive integration, deep compliance capabilities, and truly global reach.

The WiseTech Global group includes CargoWise One, ABM Data Systems, ACO Informatica, BorderWise, Bysoft, Cargoguide, CargoIT, CargoSphere, CMS Transport Systems, Containerchain, CustomsMatters, DataFreight, Depot Systems, EasyLog, Fenix, Forward, Intris, LSP Solutions, Microlistics, Multi Consult, Pierbridge, Prolink, Ready Korea, SaaS Transportation, SmartFreight, Softcargo, Softship, Systema, Taric, Trinium Technologies, Ulukom, Xware, zsoft, and znet Group.


Marijana Okanovic
+61 2 8001 2200

Ross Moffat
+61 2 8001 2200

WiseTech Global Ltd

Copyright (C) 2021 ABN Newswire. All rights reserved.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting