NY PERSHING SQUARE: Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $100,000,000
23 Junio 2020 - 01:00AM
UK Regulatory
TIDMPSH
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today
announced an additional share buyback program (the "Program") for
$100,000,000 of PSH's outstanding Public Shares on the London Stock
Exchange and Euronext Amsterdam. The Program will commence
following the completion of the previously announced $100,000,000
share buyback program. The Program is accretive to NAV per share
and will reduce PSH's capital.
As of 22 June 2020, PSH had completed 84.5% of the previously
announced $100,000,000 share buyback program. PSH commenced that
program on 16 April 2020 and has repurchased a total of 3,853,545
PSH Public Shares at an average price of $21.94.
Since PSH commenced its first share buyback program on 2 May
2017, PSH has repurchased a total of $762 million of PSH Public
Shares, representing 47,816,431 PSH Public Shares at an average
price of $15.93.
Jefferies International Limited will continue in its role as
sole buyback agent for the Program which will enable the purchase
of shares during closed periods. Shares repurchased by the Company
will be held in Treasury.
In accordance with EU regulations, PSH advises shareholders that
the number of shares to be repurchased under the Program is the
maximum of $100,000,000 or 6,000,000 PSH Public Shares.
About Pershing Square Holdings, Ltd.
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an
investment holding company structured as a closed-ended fund that
makes concentrated investments principally in North American
companies.
Media
Camarco
Ed Gascoigne-Pees / Hazel Stevenson +44 020 3757 4989,
media-pershingsquareholdings@camarco.co.uk
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CONTACT:
Pershing Square Holdings, Ltd.
SOURCE: Pershing Square Holdings, Ltd.
Copyright Business Wire 2020
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June 23, 2020 02:00 ET (06:00 GMT)
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