WiseTech executive chair secures liquidity with collar transaction

RealWise Holdings Pty Limited, an entity owned and controlled by WiseTech Global executive chair Richard White, has entered into a collar derivative transaction and related financing facility with Macquarie Bank Limited on December 19, 2025. This transaction involves 20 million WiseTech shares, representing approximately 17% of RealWise's total holding and 6% of WiseTech's total issued share capital. The proceeds will be used to refinance existing debt at RealWise and cover tax and other personal financial obligations.

The collar is structured with cash-settled put and call options, with fixed-strike tranches covering 4 million shares and floating-strike tranches covering 16 million shares. Call option strike prices range from 115% to 140% of the spot reference, while upper put option strike prices are set at 90% and lower put option strike prices at 40% for the final tranche. Maturities for these tranches range from 2 to 5.5 years from the trade date, with cash settlement based on VWAP.

Despite the transaction, RealWise retains its relevant interest in the 20 million shares. Mr. White stated his deep commitment to WiseTech and confirmed no intention to sell further WiseTech shares or enter into additional derivative transactions before the release of FY26 results in August 2026. This transaction replaces RealWise’s previous trickle-out share sale program.