Global Ports Holding PLC (GPH) 
Taranto Cruise Port agreement 
 
16-Nov-2020 / 08:36 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            Global Ports Holding Plc 
 
            Taranto Cruise Port agreement 
 
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent 
         cruise port operator, is pleased to announce that, the Port Network 
     Authority of the Ionian Sea ("Port Authority") has awarded Global Ports 
Holding a 20-year concession to manage the services for cruise passengers in 
            the Port of Taranto, Italy. 
 
   The cruise port infrastructure in Taranto is currently undergoing a state 
funded, c&euro28m investment program, including the building of a new cruise 
        terminal. The construction of these new facilities is expected to be 
            completed by the end of 2020. 
 
        GPH and Port Authority will now work towards agreeing the terms of a 
  concession agreement. Following the successful execution of the concession 
  agreement, GPH will use its global expertise and operating model to manage 
  the cruise port operations in Taranto. The concession is expected to start 
            in Q1 2021. 
 
 In 2019, the Taranto Cruise Port welcomed c9k cruise passengers, with a pre 
            Covid-19 forecast of over 14k passengers in 2020. 
 
                        CONTACT 
      For investor, analyst and       For trade media enquiries: 
     financial media enquiries: 
 Global Ports Holding, Investor             Global Ports Holding 
                      Relations 
                   Martin Brown                      Ceylan Erzi 
Telephone: +44 (0) 7947 163 687     Telephone: +90 212 244 44 40 
Email:                           Email: 
martinb@globalportsholding.com   ceylane@globalportsholding.com 
 
ISIN:          GB00BD2ZT390 
Category Code: AGR 
TIDM:          GPH 
Sequence No.:  87908 
EQS News ID:   1148315 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

November 16, 2020 03:36 ET (08:36 GMT)

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