DIRECTOR DEALINGS: Carnival Chairman To Sell Up To 10 Million Shares

LONDON (Alliance News) - Carnival PLC said Friday that Chairman Micky Arison plans to sell up to ...

Alliance News 28 February, 2014 | 5:38PM
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LONDON (Alliance News) - Carnival PLC said Friday that Chairman Micky Arison plans to sell up to 10 million shares of Carnival Corp stock, representing up to about 1% of the voting rights of Carnival Corp and Carnival PLC.

At current market prices, the total planned share sale would be worth GBP246.3 million.

Of the 10 million total, 5 million shares were sold on Friday at USD39.50 per share, Carnival said. The remaining shares will be sold over the next 15 months, under a plan that means that Arison will not have discretion over the subsequent sales.

Carnival said that if all the shares covered by the sales plan are sold, the Arison family and related entities will remain beneficial owners of about 188 million shares, or 24% of the cruise company's total.

Carnival shares closed Friday in London at 2,463.00 pence, down 1.8%.

By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite

Copyright 2014 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Carnival PLC 3,268.00 GBX 0.34

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