LONDON - Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH), a closed-ended investment holding company, disclosed on November 28, 2024, that it has repurchased a total of 28,557 of its own shares through its agent, Jefferies International Limited. The shares were bought back at an average price of $47.09 per share.
The transactions occurred across multiple trading venues, with the majority of shares, 23,164, being purchased on the London Stock Exchange (LON:LSEG) at an average price of 3,715 pence or $47.12. An additional 1,465 shares were bought on the same exchange under the ticker PSHD for $46.80 each. Euronext (EPA:ENX) Amsterdam saw 3,928 shares repurchased at an average price of $47.02.
Pershing Square will hold the acquired shares in Treasury. The company reported that the net asset value per share related to the buyback was $70.93 or 56.48 GBP as of November 26, 2024. Following the buyback, Pershing Square Holdings has 183,930,265 Public Shares outstanding, with another 27,026,485 held in Treasury. These figures exclude the special voting share held by PS Holdings Independent (LON:IOG) Voting Company Limited, which remains unaffected.
The repurchase activity was part of the company's ongoing share buyback program, a common practice among firms seeking to reduce their public float or return value to shareholders. The share prices for the transaction were calculated by Jefferies.
This buyback announcement is based on a press release statement issued by Pershing Square Holdings, Ltd.
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