31st Oct 2016 07:31
LONDON (Alliance News) - Carnival PLC said it will buy back up to USD434 million in shares between Monday and July 13, 2017, under its USD1 billion share buyback programme.
The cruise company announced plans to repurchase USD1 billion in shares in June, the purpose of which is to reduce its share capital as part of commitments to increase shareholder returns.
The maximum number of shares to be repurchased will not exceed 9 million, Carnival said.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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