Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $100,000,000

Summary by AI BETAClose X

Pershing Square Holdings, Ltd. has announced a new $100,000,000 share buyback program for its outstanding Public Shares on the London Stock Exchange, which is expected to be accretive to NAV per share and reduce capital. This follows a history of significant repurchases, with $1.7 billion spent on 72,835,301 shares since May 2017 at an average price of $23.95. The new program, managed by Jefferies International Limited, will allow for purchases up to $100,000,000 or 5,000,000 shares and will permit purchases during closed periods, with repurchased shares to be held in Treasury.

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