Carnival to delist from London Stock Exchange
Carnival is dropping its dual listing strategy, with plans to delist Carnival PLC shares from the UK stock exchange.
Carnival PLC will become just a fully owned subsidiary of Carnival Corp, with shares continuing to be traded in New York.
“We believe it will also increase liquidity for stock trades and increase weighting of the stock in major US stock indices,” Carnival CFO David Bernstein said.
It will ‘streamline governance and reporting, and reduce administrative costs.’
Existing Carnival PLC shareholders would get Carnival Corp shares on a one-for-one basis.
The move is subject to shareholder approval and is likely to be completed in the second quarter.
The cruise company also announced the resumption of dividend payouts after a record-breaking full year performance.
It saw a 60% surge in adjusted net income to $3.1 billion.
Revenue of $26.6 billion in revenue was the highest ever.
“2025 was a truly phenomenal year. We set new records across our business, achieved investment grade leverage metrics and, as announced reinstating our dividend,” said CEO Josh Weinstein.
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