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PSH Pershing Square Holdings Ltd

4,022.00
52.00 (1.31%)
Last Updated: 14:47:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pershing Square Holdings Ltd LSE:PSH London Ordinary Share GG00BPFJTF46 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  52.00 1.31% 4,022.00 4,020.00 4,024.00 4,080.00 3,960.00 3,974.00 78,715 14:47:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.14B 2.49B 13.0449 3.81 9.48B

Pershing Square Hldg Pershing Square Holdings, Ltd. Notes Share Conversions

02/11/2018 7:00am

UK Regulatory


Pershing Square (LSE:PSH)
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From Apr 2019 to Apr 2024

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TIDMPSH 
 
 

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) ("PSH" or the "Company") today noted that Pershing Square Capital Management, L.P. ("PSCM") CEO Bill Ackman has converted 27,634,814 PSH Management Shares to 29,640,496 PSH Public Shares. PSH Board Member Nick Botta also converted 229,971 PSH Management Shares to 246,661 PSH Public Shares. PSH also noted that certain PSCM Affiliates (as defined in the 26 October 2018 PSH press release) converted 508,300 PSH Public Shares to PSH Management Shares.

 

These conversions do not represent a change in ownership of PSH Shares.

 

Assuming all PSH Management Shares held by Mr. Ackman, Mr. Botta and the other PSCM Affiliates are converted to PSH Public Shares, Mr. Ackman, Mr. Botta and the other PSCM Affiliates would own a total of approximately 44.2 million PSH Public Shares or 20.0% of the Company on a fully diluted basis.

 

Pursuant to these share conversions, the Company also announced that application will be made for 29,887,157 PSH Public Shares of no par value in the Company ("Shares") to be admitted to the Official List of the FCA and to trading on the Main Market of the London Stock Exchange and Euronext Amsterdam. When issued, these Shares will rank pari passu with the existing PSH Public Shares.

 

It is expected that Admission of these shares will become effective, and dealings will commence at 8:00 a.m. GMT on 7 November 2018. Following Admission, the number of PSH Public Shares that the Company has in issue will be 216,616,094.

 

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 that makes concentrated investments principally in North American companies.

 

MEDIAMaitlandSeda Ambartsumian/Sam Turvey, +44 20 7379 5151Media-pershingsquareholdings@maitland.co.uk

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20181102005071/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 02, 2018 03:00 ET (07:00 GMT)

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