PERSHING SQUARE HOLDINGS: Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $200,000,000
July 29 2022 - 2:00AM
UK Regulatory
TIDMPSH
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today
announced an additional share buyback program (the "Program") for
$200,000,000 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 and the opening of PSH's trading window. The
larger size of the Program is intended to reduce the risk that it
is exhausted during a period when there are trading window
restrictions on new authorizations. The Program is expected to be
accretive to NAV per share and will reduce PSH's capital.
As of 28 July 2022, PSH had completed 87.9% of the previously
announced $100,000,000 share buyback program. PSH commenced that
program on 11 May 2022 and has repurchased a total of 2,874,734 PSH
Public Shares at an average price of $30.57.
Since PSH commenced its first share buyback program on 2 May
2017, PSH has repurchased 53,708,973 PSH Public Shares for a total
of $925 million at an average price of $17.21.
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.
PSH advises shareholders that the number of shares to be
repurchased under the Program is the maximum of $200,000,000 or
20,000,000 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.
Category: (PSH:CorporateActions)
Media
Camarco
Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339,
media-pershingsquareholdings@camarco.co.uk
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CONTACT:
Pershing Square Holdings, Ltd.
SOURCE: Pershing Square Holdings, Ltd.
Copyright Business Wire 2022
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July 29, 2022 02:00 ET (06:00 GMT)
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