REG-Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. Notes Notice of Intention to Delist from Euronext Amsterdam

Pershing Square HoldingsAnnouncement

03/12/2024 07:00

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Pershing Square Holdings, Ltd. Notes Notice of Intention to Delist from
Euronext Amsterdam

PSH Shares Will Continue to be Traded in USD and Sterling on the Main Market
of the London Stock Exchange

 

The Board of Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH)
(“PSH” or the “Company”) today announced its intention to delist from
Euronext Amsterdam.

The Board of PSH has carried out a review of the Euronext Amsterdam listing to
examine the number of shares held on the register and the costs of maintaining
the listing. Following this review, the Board has concluded that the
advantages of consolidating trading on the London Stock Exchange (“LSE”),
combined with the reduction of administrative and compliance burdens
associated with maintaining a secondary listing in Amsterdam, now outweigh the
benefits of retaining the Euronext listing.

“The Board has been monitoring the Company’s listing arrangements for some
time and in January 2024 engaged outside advisors to review the Company’s
listing on the Euronext Amsterdam in light of the fact that the majority of
the trading of PSH’s shares occurs on the London Stock Exchange,” said PSH
Chairman Rupert Morley. “We concluded that delisting from Euronext Amsterdam
and consolidating trading on the London Stock Exchange would reduce regulatory
complexity and improve liquidity of PSH’s shares which would be to the
benefit of PSH shareholders.”

The LSE listing of PSH represents the substantial majority of the fund’s
listed trading volume. PSH will continue to be listed on the Main Market of
the LSE in Sterling (LN:PSH) and USD (LN:PSHD), as set out below.
            Sterling Quote              U.S. Dollar Quote       
            
                           
                       
            
London Stock Exchange      
London Stock Exchange  
 ISIN       GG00BPFJTF46                GG00BPFJTF46            
 SEDOL      BS7JCJ8                     BG0H5M9                 
 TIDM       PSH LN                      PSHD LN                 


PSH remains committed to delivering long-term shareholder value. The delisting
does not change the Company’s investment approach or governance principles.

Any delisting of PSH ordinary shares from the Amsterdam market is subject to
the approval of Euronext Amsterdam. A formal application for delisting will be
submitted to Euronext. Following completion, shares of PSH will no longer be
listed on Euronext Amsterdam.

Following the completion of the delisting, investors who currently own PSH
shares traded on Euronext Amsterdam will be able to trade their shares on the
LSE. Investors should contact their brokers for additional information.

Further announcements will be made in due course as appropriate.

Regulated information

This press release contains inside information within the meaning of Article
7(1) of the European Market Abuse Regulation (Regulation (EU) 596/2014).

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.

Media 

Camarco 

Ed Gascoigne-Pees / Julia Tilley +44 020 3757 4980

media-pershingsquareholdings@camarco.co.uk
(mailto:media-pershingsquareholdings@camarco.co.uk)



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Pershing Square Holdings, Ltd.


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