Pershing Square Holdings to Delist from Euronext Amsterdam

(Reuters) – Pershing Square Holdings announced on Monday its plan to delist shares from Euronext (EPA:ENX) Amsterdam, following billionaire Bill Ackman's call to the board last month.

The investment holding company, in which Ackman and his family hold a 23% stake, stated that shares will continue trading in dollars and pounds on the main market of the London Stock Exchange (LON:LSEG).

According to Pershing Square Chairman Rupert Morley, delisting from Euronext Amsterdam and consolidating trading on the London Stock Exchange will reduce regulatory complexity and enhance liquidity.

The company indicated that a formal application for delisting will be submitted to Euronext.

This decision follows Ackman's announcement last month regarding his plans to delist the company from Amsterdam, stemming from incidents involving attacks on Israeli soccer fans.