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 program will allow for the repurchase of up to 5,000,000 shares. Since May 2, 2017, the company has already repurchased 74,924,531 shares for $1.9 billion at an average price of $24.99. Jefferies International Limited will continue as the sole buyback agent, enabling purchases even during closed periods, with repurchased shares to be held in treasury.

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