Pershing Square Holdings, Ltd. Announces Transactions in Own Shares

LONDON--(BUSINESS WIRE)-- 

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (“PSH”) today announced that it has purchased, through PSH’s agent, Jefferies International Limited (“Jefferies”), the following number of PSH’s Public Shares of no par value (ISIN Code: GG00BPFJTF46) (the "Shares"):

Trading Venue:	London Stock Exchange
Ticker:	PSH
Date of Purchase:	18 August 2020
Number of Public Shares purchased:	26,823 Shares
Highest Price Paid Per Share:	1,930 pence / 25.51 USD
Lowest Price Paid Per Share:	1,908 pence / 25.22 USD
Average Price Paid Per Share:	1,924 pence / 25.42 USD
Ticker:	PSHD
Date of Purchase:	18 August 2020
Number of Public Shares purchased:	15,569 Shares
Highest Price Paid Per Share:	25.35 USD
Lowest Price Paid Per Share:	25.30 USD
Average Price Paid Per Share:	25.32 USD
Trading Venue:	Euronext Amsterdam
Ticker:	PSH
Date of Purchase:	18 August 2020
Number of Public Shares purchased:	23,745 Shares
Highest Price Paid Per Share:	25.40 USD
Lowest Price Paid Per Share:	25.20 USD
Average Price Paid Per Share:	25.31 USD

PSH will hold these Public Shares in Treasury. The net asset value per Public Share related to this buyback is 37.34 USD / 28.62 GBP which was calculated as of 11 August 2020 (the “Relevant NAV”). After giving effect to the above buyback, PSH has 193,529,293 Public Shares outstanding, or 199,532,224 Public Shares calculated on a fully diluted basis (assuming that all Management Shares had been converted into Public Shares at the Relevant NAV). Excluded from the shares outstanding are 17,427,457 Public Shares held in Treasury. The prices per Public Share were calculated by Jefferies.

The number of PSH Management Shares and the one special voting share (held by PS Holdings Independent Voting Company Limited) have not been affected.

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.

Camarco
Ed Gascoigne-Pees / Hazel Stevenson [phone], [e-mail]