PERSHING SQUARE HOLDINGS: Pershing Square Holdings, Ltd. Holds Annual General Meeting and Confirms Second Quarter 2023 Dividend for Shareholders

TIDMPSH 
 
 

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today held its Annual General Meeting of shareholders ("AGM") at Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. At the AGM, shareholders passed resolutions to: receive the annual report and the financial statements, re-appoint PSH's auditor, authorize the Directors to determine the remuneration of the auditor, re-elect PSH's current directors, renew PSH's share buyback authority, permit the disapplication of shareholders' pre-emption rights for any share issuance of 10% or less, and amend the Articles in connection with the implementation of an ownership limit in respect of the Public Shares and voting rights. All resolutions were passed on a poll.

The specifics of those resolutions can be found in the Notice of Annual General Meeting available on the Company's website: https://pershingsquareholdings.com/company-reports/notices-shareholders/.

The results of the proxy voting of PSH's Public Share are noted in the chart below. A vote withheld is not a vote in law and has not been counted in the votes for or against a resolution. PS Independent Voting Company Limited ("VoteCo") voted its Special Voting Share in favour of the resolutions. VoteCo is not permitted to vote on resolutions 4 and 11 which are Specified Matters for purposes of the UK Listing Rules.

 
Resolution                              For          Against    Votes Withheld 
Resolution 1: To receive the annual report and the financial statements 
Ordinary Resolution of all Voting 
 Shares                                 117,983,055  5          1,215 
Resolution 2: To re--appoint the Company's auditor 
Ordinary Resolution of all Voting 
 Shares                                 117,827,570  155,476    1,229 
Resolution 3: To authorise the directors to determine the remuneration of the 
auditor 
Ordinary Resolution of all Voting 
 Shares                                 116,016,761  1,965,356  2,158 
Resolution 4: To re-elect Nicholas Botta as a Director 
Ordinary Resolution of the holders of 
 Public Shares                          115,285,629  2,695,384  3,262 
Resolution 5: To re-elect Anne Farlow as a Director 
Ordinary Resolution of all Voting 
 Shares                                 114,077,516  3,903,497  3,262 
Resolution 6: To re-elect Bronwyn Curtis as a Director 
Ordinary Resolution of all Voting 
 Shares                                 117,975,716  5,298      3,261 
Resolution 7: To re-elect Andrew Henton as a Director 
Ordinary Resolution of all Voting 
 Shares                                 116,210,114  1,770,899  3,262 
Resolution 8: To re-elect Tope Lawani as a Director 
Ordinary Resolution of all Voting 
 Shares                                 116,748,042  1,232,972  3,261 
Resolution 9: To re-elect Rupert Morley as a Director 
Ordinary Resolution of all Voting 
 Shares                                 117,974,091  6,923      3,261 
Resolution 10: To re-elect Tracy Palandjian as a Director 
Ordinary Resolution of all Voting 
 Shares                                 117,257,289  258,207    468,779 
Resolution 11: To authorise the Company to buy back shares 
Special Resolution of the holders of 
 Public Shares                          117,644,820  338,134    1,321 
Resolution 12: To permit the disapplication of pre-emption rights 
Special Resolution of all Voting 
 Shares                                 117,952,491  30,134     1,650 
Resolution 13: To amend the Articles in connection with the implementation of 
an ownership limit in respect of the Public Shares and voting rights 
Special Resolution of all Voting Shares and an Ordinary Resolution of the 
holders of Public Shares 
Special Resolution of all Voting 
 Shares                                 109,057,996  758,894    8,624,496 
Ordinary Resolution of Public Shares    116,912,590  1,046,384  48,978 
 

Copies of the special resolutions passed at the AGM and the amended Articles have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

PSH also confirmed today that the next quarterly dividend of $0.1307 per Public Share, as previously announced, is payable as follows:

 
Record Date  Payment Date  USD Dividend  DRIP Enrollment  Currency Election 
                            Per Share     Deadline         Deadline 
19/5/2023    16/6/2023     $0.1307       26/5/2023        19/5/2023 
 

A proportionate quarterly dividend will be paid to the Special Voting Share, based on its net asset value.

Shareholders may automatically reinvest cash dividends into PSH Public Shares through a Dividend Reinvestment Programme ("DRIP") whereby shares are purchased in the open market by the administrator of the DRIP. Details about the DRIP are available at https://pershingsquareholdings.com/psh-dividend-information/ and through shareholders' brokers.

Dividends will be paid in US dollars unless a shareholder elects to be paid in GBP. Shareholders electing GBP dividends must do so no later than the Currency Election Deadline. Further details about the currency election are available at Pershing Square Holdings' website https://pershingsquareholdings.com/psh-dividend-information/.

Additional Information

The payment of each dividend is subject to the Company being satisfied that the following conditions are met:

   --  the Company will meet the solvency requirements under Companies 
      (Guernsey) Law, immediately after the payment of the dividend; 
 
   --  the Company's total indebtedness will be less than one-third of the 
      Company's total capitalisation after the payment of the relevant interim 
      dividend. 
 

The decision as to whether PSH pays a dividend in the future will be made by the PSH Board with the consent of the Investment Manager. While PSH intends to pay a quarterly dividend going forward, there is no guarantee that PSH will continue to do so. PSH's Board's decision to pay a dividend should not be interpreted to mean that PSH will be profitable in the future.

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

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Ed Gascoigne-Pees / Julia Tilley [phone], [e-mail]

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    SOURCE: Pershing Square Holdings, Ltd. 
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(END) Dow Jones Newswires

May 03, 2023 11:05 ET (15:05 GMT)