LONDON - Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH), a closed-ended investment holding company, has reported the purchase of 49,045 of its own public shares on December 10, 2024. The transaction was conducted across multiple trading venues, including the London Stock Exchange (LON:LSEG) and Euronext (EPA:ENX) Amsterdam, with Jefferies International Limited acting as the purchasing agent.
The shares acquired will be held in Treasury, and following the buyback, Pershing Square Holdings has 183,551,742 Public Shares outstanding, excluding 27,405,008 Public Shares already held in Treasury. The net asset value per Public Share connected to this buyback was determined to be 71.41 USD / 56.02 GBP as of November 30, 2024.
In the breakdown of the buyback, on the London Stock Exchange under the ticker PSH, 35,583 shares were bought with prices ranging from 3,826 pence (48.76 USD) to 3,858 pence (49.17 USD) per share, averaging at 3,849 pence (49.06 USD). Under the ticker PSHD, 3,592 shares were purchased at an average price of 49.01 USD. On Euronext Amsterdam, 9,870 shares were acquired with an average price of 49.04 USD per share.
This strategic move by Pershing Square Holdings reflects a common practice among publicly traded companies to buy back shares, which can potentially increase the value of remaining shares by reducing the supply or providing support to share price. The company's special voting share held by PS Holdings Independent (LON:IOG) Voting Company Limited remains unaffected by this transaction.
The information in this article is based on a press release statement from Pershing Square Holdings, Ltd.
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