MIAMI, Nov. 24, 2015 /PRNewswire/ -- Royal
Caribbean Cruises Ltd. today announced that it has completed the
$200 million accelerated share
repurchase program announced on October
23, 2015. Under the terms of the program, the company
repurchased a total of 2,103,288 shares of common stock at a price
per share of $95.0892.
The repurchase price was determined based on the average of the
daily volume-weighted average prices of the stock during the term
of the transaction, less a discount.
The ASR transaction was executed as part of an authorization by
the company's Board of Directors to repurchase up to $500 million of common stock. With the
completion of the transaction $300
million remains under the share repurchase
authorization. The company expects to complete the program by
year-end 2016.
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise
vacation company that owns Royal Caribbean International, Celebrity
Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de
France, as well as TUI Cruises
through a 50 percent joint venture. Together, these six
brands operate a combined total of 44 ships with an additional
eleven on order. They operate diverse itineraries around the
world that call on approximately 480 destinations on all seven
continents. Additional information can be found on
www.royalcaribbean.com, www.celebritycruises.com,
www.pullmantur.es, www.azamaraclubcruises.com,
www.cdfcroisieresdefrance.com, www.tuicruises.com or
www.rclinvestor.com.
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SOURCE Royal Caribbean Cruises Ltd.