Carnival receives UK court approval for dual-company unification plan

Carnival Corporation & plc (NYSE: CCL) announced that the UK Court has sanctioned the scheme of arrangement to implement its dual-listed company unification and redomiciliation from Panama to Bermuda.

The court approval follows shareholder votes on April 20, 2026, that approved both the DLC unification proposal and the redomiciliation of Carnival Corporation. The scheme will become effective when a copy of the court order is delivered to the UK Registrar of Companies, expected to occur on May 7, 2026.

Under the timeline, the scheme record time is set for 6:00 p.m. on May 5, 2026. May 5, 2026, will mark the last day for dealings in and registrations of transfers of Carnival plc's ordinary shares, with the shares being disabled in CREST from 6:00 p.m. that day.

Trading of Carnival plc's ordinary shares on the London Stock Exchange's Main Market will be suspended starting 7:30 a.m. on May 6, 2026. The cancellation of admission to listing and trading of Carnival plc's ordinary shares is expected to take effect from 8:00 a.m. on May 7, 2026.

The company stated it will make a further announcement when the DLC unification and redomiciliation transactions have completed, which is expected to occur on May 7, 2026.

Carnival Corporation & plc operates cruise lines including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn.

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