Carnival Corp. announces stock repurchase programme
Carnival Corporation plc, which is listed on the New York Stock Exchange as well as in London, and its wholly-owned subsidiary Carnival Investments, said it plans to sell existing Carnival plc ordinary shares periodically at times when Carnival Corp. shares are trading at a discount to Carnival plc shares.
Carnival Corporation plc, which is listed on the New York Stock Exchange as well as in London, and its wholly-owned subsidiary Carnival Investments, said it plans to sell existing Carnival plc ordinary shares periodically at times when Carnival Corp. shares are 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 US market.
Any remaining proceeds will be used for general corporate purposes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group said that, depending on market conditions, Carnival Corporation and Carnival Investments over time will sell up to 32m shares.
The share price fell 1.46% to 2,562p by 15:30.
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published