CARNIVAL PLC – INTRAGROUP
TRANSACTION
London, January 30, 2023
To optimize certain existing intercompany loan balances between
Carnival plc and Carnival Corporation, Carnival plc announces in
accordance with Listing Rule 9.6.4R that it has agreed to allot and
issue 1 ordinary share of US$1.66
(the "Share") to Carnival Corporation at a subscription
price of US$1 billion. The Share will not carry the right to
vote while it is owned by Carnival Corporation, in accordance with
the Articles of Association of Carnival plc.
The transaction does not impact the consolidated liquidity,
financial position or net assets of Carnival Corporation & plc,
and supports intercompany balance sheet management, optimizing the
standalone Carnival plc balance sheet.
Admission
Applications have been made to the Financial Conduct Authority
for the Share to be admitted to listing on the premium listing
segment of the Official List, and to the London Stock Exchange for
the Share to be admitted to trading on the London Stock Exchange's
main market for listed securities ("Admission").
The transaction is conditional on Admission, which is expected
to occur on January 31, 2023.