TIDMPSH
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today
held its Annual General Meeting of shareholders ("AGM") at
Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. At
the AGM, shareholders passed resolutions to: receive the annual
report and the financial statements, re-appoint PSH's auditor,
authorize the Directors to determine the remuneration of the
auditor, re-elect PSH's current directors, renew PSH's share
buyback authority, permit the disapplication of shareholders'
pre-emption rights for any share issuance of 10% or less, and amend
the Articles in connection with the implementation of an ownership
limit in respect of the Public Shares and voting rights. All
resolutions were passed on a poll.
The specifics of those resolutions can be found in the Notice of
Annual General Meeting available on the Company's website:
https://pershingsquareholdings.com/company-reports/notices-shareholders/.
The results of the proxy voting of PSH's Public Share are noted
in the chart below. A vote withheld is not a vote in law and has
not been counted in the votes for or against a resolution. PS
Independent Voting Company Limited ("VoteCo") voted its Special
Voting Share in favour of the resolutions. VoteCo is not permitted
to vote on resolutions 4 and 11 which are Specified Matters for
purposes of the UK Listing Rules.
Resolution For Against Votes Withheld
Resolution 1: To receive the annual report and the financial statements
Ordinary Resolution of all Voting
Shares 117,983,055 5 1,215
Resolution 2: To re--appoint the Company's auditor
Ordinary Resolution of all Voting
Shares 117,827,570 155,476 1,229
Resolution 3: To authorise the directors to determine the remuneration of the
auditor
Ordinary Resolution of all Voting
Shares 116,016,761 1,965,356 2,158
Resolution 4: To re-elect Nicholas Botta as a Director
Ordinary Resolution of the holders of
Public Shares 115,285,629 2,695,384 3,262
Resolution 5: To re-elect Anne Farlow as a Director
Ordinary Resolution of all Voting
Shares 114,077,516 3,903,497 3,262
Resolution 6: To re-elect Bronwyn Curtis as a Director
Ordinary Resolution of all Voting
Shares 117,975,716 5,298 3,261
Resolution 7: To re-elect Andrew Henton as a Director
Ordinary Resolution of all Voting
Shares 116,210,114 1,770,899 3,262
Resolution 8: To re-elect Tope Lawani as a Director
Ordinary Resolution of all Voting
Shares 116,748,042 1,232,972 3,261
Resolution 9: To re-elect Rupert Morley as a Director
Ordinary Resolution of all Voting
Shares 117,974,091 6,923 3,261
Resolution 10: To re-elect Tracy Palandjian as a Director
Ordinary Resolution of all Voting
Shares 117,257,289 258,207 468,779
Resolution 11: To authorise the Company to buy back shares
Special Resolution of the holders of
Public Shares 117,644,820 338,134 1,321
Resolution 12: To permit the disapplication of pre-emption rights
Special Resolution of all Voting
Shares 117,952,491 30,134 1,650
Resolution 13: To amend the Articles in connection with the implementation of
an ownership limit in respect of the Public Shares and voting rights
Special Resolution of all Voting Shares and an Ordinary Resolution of the
holders of Public Shares
Special Resolution of all Voting
Shares 109,057,996 758,894 8,624,496
Ordinary Resolution of Public Shares 116,912,590 1,046,384 48,978
Copies of the special resolutions passed at the AGM and the
amended Articles have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
PSH also confirmed today that the next quarterly dividend of
$0.1307 per Public Share, as previously announced, is payable as
follows:
Record Date Payment Date USD Dividend DRIP Enrollment Currency Election
Per Share Deadline Deadline
19/5/2023 16/6/2023 $0.1307 26/5/2023 19/5/2023
A proportionate quarterly dividend will be paid to the Special
Voting Share, based on its net asset value.
Shareholders may automatically reinvest cash dividends into PSH
Public Shares through a Dividend Reinvestment Programme ("DRIP")
whereby shares are purchased in the open market by the
administrator of the DRIP. Details about the DRIP are available at
https://pershingsquareholdings.com/psh-dividend-information/ and
through shareholders' brokers.
Dividends will be paid in US dollars unless a shareholder elects
to be paid in GBP. Shareholders electing GBP dividends must do so
no later than the Currency Election Deadline. Further details about
the currency election are available at Pershing Square Holdings'
website
https://pershingsquareholdings.com/psh-dividend-information/.
Additional Information
The payment of each dividend is subject to the Company being
satisfied that the following conditions are met:
-- the Company will meet the solvency requirements under Companies
(Guernsey) Law, immediately after the payment of the dividend;
-- the Company's total indebtedness will be less than one-third of the
Company's total capitalisation after the payment of the relevant interim
dividend.
The decision as to whether PSH pays a dividend in the future
will be made by the PSH Board with the consent of the Investment
Manager. While PSH intends to pay a quarterly dividend going
forward, there is no guarantee that PSH will continue to do so.
PSH's Board's decision to pay a dividend should not be interpreted
to mean that PSH will be profitable in the future.
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.
Category: (PSH:CorporateActions)
Media
Camarco
Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339,
Media-PershingSquareHoldings@camarco.co.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230503005677/en/
CONTACT:
Pershing Square Holdings, Ltd.
SOURCE: Pershing Square Holdings, Ltd.
Copyright Business Wire 2023
(END) Dow Jones Newswires
May 03, 2023 11:05 ET (15:05 GMT)
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