Pershing Square Hldg Pershing Square Holdings, Ltd. Announces Purchases of PSH Public Shares by Bill Ackman and Nick Botta an...
08 June 2018 - 12:40AM
UK Regulatory
TIDMPSH
Pershing Square Holdings, Ltd. ("PSH" or the "Company") (LN:PSH)
(NA:PSH) today announces that the Company has been advised by
Pershing Square Capital Management, L.P. that CEO Bill Ackman and
PSH Board Member Nick Botta have purchased additional PSH public
shares.
Since 29 May 2018, Mr. Ackman has purchased a total of
10,804,142 public shares at an average price of $14.79 per share.
Mr. Ackman currently owns 6,645,150 management shares which are
convertible into 7,091,986 public shares. If these management
shares were converted to public shares, Mr. Ackman would own a
total of 17,896,128 public shares, representing approximately 8.1%
of the Company on a fully diluted basis assuming all management
shares are converted into public shares.
Since 29 May 2018, Mr. Botta has purchased a total of 18,648
public shares at an average price of $14.00 per share. Mr. Botta
currently owns 229,971 management shares which are convertible into
245,434 public shares. If these management shares were converted to
public shares, Mr. Botta would own a total of 264,082 public
shares, which represents approximately 0.1% of the Company.
Mr. Ackman and Mr. Botta are required to submit information
regarding the purchase of PSH public shares to the AFM. Such
information is available here:
https://www.afm.nl/en/professionals/registers/meldingenregisters/transacties-leidinggevenden-mar19
The Company also announces that application has been made for
306,738 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.
This application is being made pursuant to the conversion of
287,464 management shares currently owned by a former employee of
Pershing Square Capital Management, L.P., into 306,738 public
shares. When issued, these Shares will rank pari passu with the
existing public shares.
It is expected that Admission of these shares will become
effective, and dealings will commence at 8:00 a.m. on 8 June 2018.
Following Admission, the number of public shares that the Company
has in issue will be 212,689,397.
About Pershing Square Holdings, Ltd.Pershing Square Holdings,
Ltd. (LN:PSH) (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
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(END) Dow Jones Newswires
June 07, 2018 10:40 ET (14:40 GMT)
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