Global Ports Holding PLC (GPH) 
Commences cruise operations in Nassau 
 
10-Oct-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
            Global Ports Holding Plc 
 
            Commences operations at Nassau Cruise Port 
 
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent 
cruise port operator, is pleased to announce that on the 9th October 2019 it 
            started operating Prince George Wharf Cruise Port, Nassau. 
 
     GPH will now use its global expertise and operating model to manage the 
 cruise port operations in Nassau. In addition, GPH and its partner Bahamian 
    Investment Fund will invest up to $250m in expanding the capacity of the 
 port as well as taking a number of innovative steps to transform the cruise 
 port and down town experience for both passengers and the local population. 
 
The construction phase is expected to start in Q4 2019 and is anticipated to 
   be completed within 24 months, once construction has been completed total 
            revenues are expected to be in the range of $35-40m per annum. 
 
           Global Ports Holding, Chairman and Co-Founder Mehmet Kutman said: 
 
        "I am very happy that Global Ports Holding has commenced cruise port 
    operations in Nassau. This is a truly transformational moment for Global 
Ports Holding, with Nassau now the largest cruise port in our portfolio. The 
    GPH team very much look forward to working with our partners, the cruise 
   lines and the people of the Bahamas to transform both the cruise port and 
            downtown Nassau for the benefit of all stakeholders." 
 
                       CONTACT 
      For investor and analyst              For media enquiries: 
                    enquiries: 
Global Ports Holding, Investor               Brunswick Group LLP 
                     Relations 
        Martin Brown, Investor       Azadeh Varzi and Imran Jina 
            Relations Director 
   Telephone: +44 (0) 7947 163   Telephone: +44 (0) 20 7404 5959 
                           687 
Email:                           Email: GPH@brunswickgroup.com 
martinb@globalportsholding.com 
 
ISIN:          GB00BD2ZT390 
Category Code: MSCM 
TIDM:          GPH 
Sequence No.:  22944 
EQS News ID:   888011 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

October 10, 2019 02:00 ET (06:00 GMT)

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