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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 - Launches a new $200 million share buyback programme. Says the programme will reduce capital and is expected to be accretive to net asset value per share. Notes that Jefferies International Ltd continues as sole buyback agent, allowing purchases during closed periods. Adds that since May 2017 it has repurchased nearly 70 million shares for a total of $1.6 billion. Limits the new buyback to $200 million or 10 million shares, with all repurchased shares to be held in treasury. Pershing Square currently has a total market capitalisation of £6.91 billion. Current stock price: 3,864.00 pence, up 0.7% in London on Thursday morning 12-month change: down 7.1% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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