Euronext introduces equity options on Pershing Square Holdings

Amsterdam, Brussels, Lisbon, London and Paris - 17 June 2015 - Euronext, the primary exchange in the Eurozone, today announced the launch of options on the shares of Pershing Square Holdings, Ltd. The new options, that are available for trading on the Amsterdam market as of Friday 26 June, follow the company’s successful IPO on Euronext Amsterdam in October 2014.

Pershing Square Holdings, Ltd. is an investment holding company structured as a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalization public companies.

The new American-style options (option trading symbol: PSH) will expire on the third Friday of the

contract month and will have initial maturities of 1, 2, 3, 6, 9 and 12 months. Each option will represent 100 shares in Pershing Square Holdings and will be cleared via LCH.Clearnet SA. The underlying shares are traded in US Dollars. Consequently, the option premium and option strike prices are also in US Dollars.

“We are constantly expanding our successful derivatives franchise by adding products in response to market requests”, said Adam Rose, Head of Financial Derivatives at Euronext. “Our wide product range of equity options on leading companies throughout different sectors offers our market participants a highly diversified set of investment opportunities.Furthermore equity options provide significant added value to the liquidity of the underlying share and will benefit the visibility of the company.”

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Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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