28th Feb 2014 15:34
CARNIVAL PLC - Arison to Sell up to 10 Million Carnival SharesCARNIVAL PLC - Arison to Sell up to 10 Million Carnival Shares
PR Newswire
London, February 28
Arison to Sell up to 10 Million Shares of Carnival Corporation MIAMI, Feb. 28, 2014 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)announced today that Micky Arison, Chairman of the Board of CarnivalCorporation and Carnival plc, has advised Carnival Corporation that trustsorganized for his benefit plan to sell up to 10 million shares of CarnivalCorporation common stock ("Shares") in market sales, representing up toapproximately 1% of the total combined voting rights of Carnival Corporation &plc. Arison indicated that he is selling for tax planning, estate planning anddiversification purposes. All Arison Shares are held either directly orindirectly in various trusts for his benefit. Of the 10 million Shares, 5,000,000 Shares were sold on February 28, 2014 at aprice of US$39.50 per Share. The remaining 5 million shares will be sold pursuant to sales plans under Rule10b5-1 over the next 15 months. Rule 10b5-1 permits the creation of writtenplans for buying or selling stock at a time when insiders are not in possessionof material non-public information. Once a plan is established, the insiderdoes not retain or exercise any discretion over sales of Shares under the planand the preplanned trades can be executed at later dates as set forth in theplan, without regard to any subsequent material non-public information that theinsider might receive. If all the Shares covered by the sales plans are sold, the Arison family andrelated entities will remain beneficial owners of approximately 188 millionShares, constituting approximately 24% of the total combined voting rights ofCarnival Corporation & plc. This notification relates to disclosures made in accordance with Rule 3.1.4(R)(1)(a) of the Disclosure Rules and Transparency Rules. Carnival Corporation & plc is the largest cruise company in the world, with aportfolio of cruise brands in North America, Europe, Australia and Asia,comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises,Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises(Australia) and P&O Cruises (UK). Together, these brands operate 101 ships totaling 208,000 lower berths witheight new ships scheduled to be delivered between May 2014 and June 2016.Carnival Corporation & plc also operates Holland America Princess Alaska Tours,the leading tour companies in Alaska and the Canadian Yukon. Traded on both theNew York and London Stock Exchanges, Carnival Corporation & plc is the onlygroup in the world to be included in both the S&P 500 and the FTSE 100 indices. Further details and a copy of the Forms 4, Statement of Changes in BeneficialOwnership of Securities, to be filed with the U.S. Securities & ExchangeCommission, can be found at the SEC web site, www.sec.gov, and the CarnivalCorporation & plc web site, www.carnivalcorp.com or www.carnivalplc.com. SOURCE Carnival Plc CONTACT: MEDIA CONTACT - Roger Frizzell, 1 305 406 7862; INVESTOR RELATIONSCONTACT - Beth Roberts, 1 305 406 4832
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