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Carnival Plc and Carnival Corp Announce Carnival Plc Share Sale and Carnival Corp Stock Repurchase Program


Thursday, 31 Jan 2013 09:28am EST 

Carnival Plc and Carnival Corp announced that Carnival Corp 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. Carnival Plc intends to use the net proceeds of the Carnival plc Share Sales to repurchase Carnival Corp 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. Depending on market conditions, Carnival Corp and Carnival Investments Limited over time will sell up to 32,000,000 ordinary shares of Carnival Plc in this program. 

Company Quote

2296.0
17.0 +0.75%
19 Aug 2014