Last checked at 30 May 2019 07:06
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