Pershing Square share buybacks continue

Pershing Square Holdings’ share buyback programme continued in earnest on Thursday, as the company announced it had purchased 35,622 shares on Wednesday.

The London-listed firm said the highest prices paid per share was 1,244 pence or $16.10, while the lowest prices paid per share was 1,219 pence or $15.78.

That made for an average price paid per share of 1,225.03 pence or $15.86.

“PSH intends to cancel these shares,” the board confirmed in its update, in line with previous share buyback transactions.

“The net asset value per share related to this share buyback is $18.86 / £14.61 which was calculated as of 6 June 2017.

“After giving effect to the above Share buyback, PSH has 239,488,107 outstanding shares.”