Pershing Square Holdings (PSH) has announced that it intends to apply for a Premium Main Market listing, for its ordinary shares, on the London Stock Exchange and that, following admission, it expects that its shares will be eligible for inclusion in the FTSE All-Share and FTSE 250 indices. PSH says that its listing on Euronext Amsterdam will not be affected and that, following admission to the LSE, investors will be able to trade its shares on both markets. Its intention is that PSH shares being quoted and traded in Sterling on the LSE and in USD on Euronext. PSH says that it has decided to seek a London listing in an effort to improve market access for investors, increase liquidity in its shares, and assist in narrowing the current discount to net asset value. It says that it intends to write to shareholders to seek the necessary consents, which are expected to be sought at its AGM in April. It expects admission to the LSE to occur in early May 2017.
About Pershing Square
Pershing Square Holdings describes itself as an investment holding company, structured as a closed-ended fund, that makes concentrated investments principally in North American companies.
Pershing Square to list in London in a bid to close discount : PSH