Carnival PLC Share Repurchase Programme

 
TIDMCCL 
 
Share Repurchase Programme 
 
MIAMI, 20 February 2018 - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) 
 (the "Company") is committed to increasing shareholder returns through a 
combination of dividend distributions and share repurchases.  In line with that 
policy, and as previously announced, on 6 April 2017 the Company's board of 
directors approved a modification of the general authorization under the share 
repurchase programme, which replenished the remaining authorized purchases 
remaining at the time of approval to US$1 billion, covering both Carnival 
Corporation common stock and Carnival plc ordinary shares (the "Programme"). 
At this time there is US$394 million remaining under the Programme. 
 
The purpose of the Programme is to reduce the Company's share capital as part 
of its commitment to increasing shareholder returns through the repurchase of 
both Carnival Corporation common stock and Carnival plc ordinary shares.  As 
part of the Programme, the Company has entered into arrangements with brokers 
to continue to repurchase on behalf of the Company ordinary shares in 
Carnival plc, subject to certain pre?set parameters, through 4 July 2018 (in 
line with the share repurchase authority granted at the Carnival plc 2017 
annual general meeting).  In accordance with that authority, the maximum number 
of Carnival plc shares remaining to be repurchased will not exceed 16 million. 
The Programme may continue during any closed periods of the Company which may 
fall during this period. 
All Carnival plc ordinary shares repurchased under the Programme will be held 
in treasury. 
 
 
 
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(END) Dow Jones Newswires

February 20, 2018 02:00 ET (07:00 GMT)