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Pershing Square Holdings lists on Euronext Amsterdam

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Pershing Square Holdings (PSH), a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalisation public companies, has listed on Euronext’s Amsterdam market.

PSH was listed through the admission to trading of 250,253,351 public shares on Euronext Amsterdam.
 
The admission of these shares follows a USD2,73 billion placement of new shares issued by Pershing Square Holdings Ltd to non-US institutional and professional investors. The placement may raise capital of up to USD3 billion if the over-allotment option is exercised. The admission and issue price of Pershing Square Holdings Ltd shares was set at USD25 per share, the NAV of PSH as of 30 September 2014. The NAV per share as of the closing of the US and Canadian markets on 10 October 2014 was USD24.41 per share.
 
William A Ackman, CEO of Pershing Square Capital Management, says: “We are delighted to list Pershing Square Holdings Ltd on Euronext Amsterdam.  The listing will dramatically expand our shareholder base improving the stability of our capital and our ability to implement our long-term, active investment strategy.”
 
Jos Dijsselhof, acting CEO of Euronext Amsterdam, says: “We are very pleased to welcome Pershing Square Holdings Ltd to our market today. The choice of Euronext as the listing venue by a leading investor shows the credibility that Euronext enjoys amongst the investment community.”
 
Anne Louise Metz, head of listings of Euronext Amsterdam, says: “Sophisticated investors look to the stock markets for the permanent capital it can provide. Euronext is an attractive venue for these funds and we expect to see continued interest in permanent capital vehicles from the fund community. We are delighted to support Pershing Square Holdings Ltd in realising its objectives and look forward to a long-standing partnership with the firm.”

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