Global Ports Holding PLC Antigua & Barbuda Partnership (5801A)
May 30 2019 - 1:06AM
UK Regulatory
TIDMGPH
RNS Number : 5801A
Global Ports Holding PLC
30 May 2019
Global Ports Holding Plc
Antigua & Barbuda partnership with Royal Caribbean Cruises
Ltd
Global Ports Holding Plc ("GPH" or "Group"), the world's largest
independent cruise port operator, is pleased to announce that it
has agreed in principle to an equity partnership agreement with
Royal Caribbean Cruises Ltd ("Royal Caribbean" or "RCCL") in
relation to GPH (Antigua) Ltd ("company").
GPH (Antigua) Ltd, a wholly owned subsidiary of GPH, was
recently awarded the exclusive 30-year concession in respect of the
cruise port facilities at St John's Port in Antigua and Barbuda and
Falmouth Harbour and Barbuda Island. Under the partnership
agreement GPH will operate and manage the cruise port facilities,
with both parties investing in the completion of the new pier,
which will allow the port to handle Oasis class ships and a
material upgrade of the current and new retail and F&B
facilities.
Full financial closure including the final terms of the
partnership agreement and commencement of the concession, is
expected to occur before the end of July 2019. A further
announcement, as appropriate, will be made in due course.
CONTACT
For investor and analyst enquiries: For media enquiries:
Global Ports Holding, Investor Relations Brunswick Group LLP
Martin Brown, Investor Relations Director Azadeh Varzi and Imran
Jina
Telephone: +44 (0) 7947 163 687 Telephone: +44 (0) 20 7404
5959
Email: martinb@globalportsholding.com Email: GPH@brunswickgroup.com
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END
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