PR Newswire
MIAMI
, Feb. 20, 2025 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) announced today that it has initiated share repurchases under the $1.0 billion share repurchase program disclosed last week, with $100 million of shares purchased to date in open market transactions.
About Royal Caribbean Group:
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 67 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com.
About Potential Future Share Repurchases: Repurchases pursuant to the share repurchase program may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to an Exchange Act Rule 10b5-1 plan, hybrid open market repurchases or an accelerated share repurchase transaction, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company’s sole discretion. The share repurchase authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock. Share repurchases may be suspended or discontinued at any time.
Cautionary Statement Concerning Forward-Looking Statements: This press release and related comments by management includes “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 related to our stock and our business performance. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, including any future share repurchases, whether as a result of new information, future events or otherwise.
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SOURCE Royal Caribbean Group
