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Carnival Corporation & Plc Announces Carnival Plc Share Sale and
Carnival Corporation Stock Repurchase Program
MIAMI, July 2
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announces that
Carnival Investments Limited, a wholly owned subsidiary of Carnival
Corporation, intends to sell up to 25,000,000 existing Carnival plc
ordinary shares that it holds 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 intend 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 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 Repurchase program.
Under the terms of the articles of association of Carnival plc the
ordinary shares sold by Carnival Investments Limited will, once held
outside of the Carnival Corporation group, become re-enfranchised for
voting purposes.
The Carnival plc Share Sales and Carnival Corporation Stock Repurchase
program will be run in conjunction with the previously announced
Carnival plc Share Repurchase and Carnival Corporation Stock Issuance
program. Only one of the programs will be operated by Carnival
Corporation & plc at any given time.
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 (File No. 333-160411). 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 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 vacation group in the
world, with a portfolio of cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Holland America Line,
Princess Cruises, The Yachts of Seabourn, AIDA Cruises, Costa Cruises,
Cunard Line, Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises
Australia.
Together, these brands operate 92 ships totaling approximately 177,000
lower berths with 13 new ships scheduled to be delivered between
September 2009 and June 2012. Carnival Corporation & plc also operates
Holland America Tours and Princess 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. |