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
