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Pershing Square Holdings Ltd - investment trust led by Bill Ackman that focuses on acquiring and holding significant positions in large capitalisation companies - Announces share buyback programme for $100.0 million of its shares on the London Stock Exchange and Euronext Amsterdam. Says the programme ‘is expected to be accretive to [net asset value] per share and will reduce PSH‘s capital.’ Jefferies International Ltd will be sole buyback agent for the programme to enable the purchase of shares during closed periods. Shares repurchased by Pershing will be held in treasury. Company says it has repurchased 60.1 million public shares for a total of $1.14 billion at an average price of $18.90 per share since its first buyback programme in May 2017. Current stock price: 2,815.60 pence, up 0.6% in London on Thursday morning 12-month change: up 12% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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