Pershing Square Hldg Pershing Square Holdings, Ltd. Notes Share Conversions
02 November 2018 - 6:00PM
UK Regulatory
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
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(END) Dow Jones Newswires
November 02, 2018 03:00 ET (07:00 GMT)
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