Pershing Square to delist from Euronext Amsterdam (updated)

Pershing Square Holdings

02/12/2024 23:18

(Adds details in paragraphs 3,4 and background in paragraph 5)
       Dec 2 (Reuters) - Pershing Square Holdings  PSH.AS  said
on Monday it plans to delist its shares from Euronext Amsterdam,
after billionaire Bill Ackman urged its board last month. 
    The investment holding company, in which Ackman and his
family own a 23% stake, said its shares will continue to be
traded in dollars and pounds on the main market of the London
Stock Exchange.
         Delisting from Euronext Amsterdam and consolidating
trading on the London Stock Exchange would reduce regulatory
complexity and improve liquidity, Pershing Square Chairman
Rupert Morley said in a statement.
  
        A formal application for delisting will be submitted to
Euronext, the company said.
  
        The move comes after Ackman last month announced his
intention to delist the company from Amsterdam following attacks
on Israeli soccer fans.

 (Reporting by Disha Mishra in Bengaluru; Editing by Shreya
Biswas)
 ((Disha.Mishra@thomsonreuters.com))