Pershing Sq. Holdings mentioned Monday it plans to delist its shares from Euronext Amsterdam, after billionaire Invoice Ackman urged its board final month.
The funding holding firm, through which Ackman and his household personal a 23% stake, mentioned its shares will proceed to be traded in {dollars} and kilos on the primary market of the London Inventory Alternate.
Delisting from Euronext Amsterdam and consolidating buying and selling on the London Inventory Alternate would cut back regulatory complexity and enhance liquidity, Pershing Sq. Chairman Rupert Morley mentioned in a press release.
A proper software for delisting will likely be submitted to Euronext, the corporate mentioned.
The transfer comes after Ackman final month introduced his intention to delist the corporate from Amsterdam following assaults on Israeli soccer followers.
