Carnival Corporation & plc Announces Carnival plc Share Sale
And Carnival Corporation Stock Repurchase Program
MIAMI, Feb. 1, 2016 -- Carnival Corporation &
plc (NYSE/LSE: CCL; NYSE: CUK) announces that Carnival Corporation
and Carnival Investments Limited, a wholly owned subsidiary of
Carnival Corporation, intend to sell existing Carnival plc ordinary
shares that they hold in the UK market ("Share Sales"). The
ordinary shares will be sold from time to time in the UK in "at the
market" transactions at times when the Carnival Corporation common
stock is trading at a discount to Carnival plc shares. Carnival
Corporation & plc intends to use the net proceeds of the
Carnival plc Share Sales to repurchase Carnival Corporation common
stock on at least an equivalent basis in the U.S. market ("Stock
Swap Repurchase"), and to use the remaining net proceeds, if any,
for general corporate purposes. Carnival Corporation & plc only
intends to trade where it will derive an economic benefit from the
Carnival plc Share Sales and Carnival Corporation Stock Swap
Repurchase program.
Depending upon market conditions, Carnival Corporation and
Carnival Investments Limited over time will sell up to 26,900,000
ordinary shares of Carnival plc in this program. Under the terms of
the articles of association of Carnival plc the ordinary shares
sold by Carnival Corporation and Carnival Investments Limited will,
once held outside of the Carnival Corporation group, become
re-enfranchised for voting purposes.
Carnival plc has filed a registration statement on Form S-3ASR
(including a prospectus) with the U.S. Securities and Exchange
Commission (the "SEC") in relation to the Share Sales program, for
U.S. regulatory purposes. Interested parties should read the
prospectus in that registration statement and the other documents
that Carnival Corporation & plc have filed with the SEC that
are incorporated by reference into the prospectus for more complete
information about Carnival Corporation & plc and this program.
These documents are available at no charge by visiting EDGAR on the
SEC Web site at http://www.sec.gov/. You may also request a copy of
the prospectus for this offering, and the documents incorporated by
reference into the prospectus from Carnival Corporation & plc,
without charge, upon written or oral request. Requests for such
copies should be directed to the following:
CARNIVAL CORPORATION and CARNIVAL PLC
c/o CARNIVAL CORPORATION
3655 N.W. 87TH AVENUE
MIAMI, FLORIDA 33178-2428
ATTENTION: COMPANY SECRETARY
TELEPHONE: (305) 599-2600, EXT. 18018.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Carnival Corporation & plc is the largest cruise company in
the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line,
Fathom, Holland America Line, Princess Cruises, Seabourn, AIDA
Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK).
Together, these brands operate 99 ships totaling 216,000 lower
berths with 17 new ships scheduled to be delivered between 2016 and
2020. Carnival Corporation & plc also operates
Holland America Princess Alaska Tours, the leading tour companies
in Alaska and the Canadian Yukon.
Traded on both the New York and
London Stock Exchanges, Carnival Corporation & plc is the only
group in the world to be included in both the S&P 500 and the
FTSE 100 indices.
Caution Concerning Forward-Looking Statements
This release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management's current expectations or
beliefs, and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive, technological, strategic and/or
regulatory factors, and other factors affecting the operations of
Carnival Corporation & plc. More detailed information about
these factors may be found in filings by Carnival Corporation &
plc with the SEC, including their most recent joint Annual Report
on Form 10-K and joint Quarterly Reports on Form 10-Q. Carnival
Corporation & plc are under no obligation to, and expressly
disclaim any such obligation to, update or alter their
forward-looking statements, whether as a result of new information,
future events, or otherwise.
SOURCE: Carnival Plc
CONTACT: MEDIA CONTACT - US: Roger
Frizell, 1 305 599 2600, ext. 67862, #13821207, or INVESTOR
RELATIONS CONTACT – US/UK: Beth
Roberts, 1 305 406 4832