(Alliance News) - Pershing Square Holdings Ltd on Monday said it intends to launch an additional share buyback program for USD100.0 million, or 6.0 million shares, of its outstanding shares on the London Stock Exchange and Euronext Amsterdam.
The investment trust said the program will start upon completion of the ongoing USD100.0 million share buyback programme, which has commenced at the end of October.
As of Friday last week, Pershing Square had completed almost 50% of its ongoing USD100.0 million share buyback program, having bought back 2.7 million of its shares at an average price of USD18.40 each.
Jefferies International Ltd will continue in its role as sole buyback agent for the program, the company noted.
Pershing Square shares were trading 1.3% higher in London on Monday midday at 1,410.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Pershing Square Holdings (PSH)