Signs lease agreement for Kalundborg Cruise Port (1240981)
15 October 2021 - 5:00PM
UK Regulatory
Global Ports Holding PLC (GPH) Signs lease agreement for
Kalundborg Cruise Port 15-Oct-2021 / 07:00 GMT/BST Dissemination of
a Regulatory Announcement, transmitted by EQS Group. The issuer is
solely responsible for the content of this announcement.
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Global Ports Holding Plc
Kalundborg Cruise Port lease agreement
Global Ports Holding Plc ("GPH" or "Group"), the world's largest
independent cruise port operator, is pleased to announce that it
has signed a 20-year lease agreement with the Port of Authority of
Kalundborg to manage the cruise services in Kalundborg Port,
Denmark. Kalundborg Port will be GPH's first cruise port in North
Europe, marking an important milestone in the continued development
and growth of the Group.
Kalundborg is located in the north western region of Denmark and
is just over one hour from Copenhagen city centre. The geographic
location of the port means that it can provide cruise lines with a
time saving and fuel-efficient alternative to Copenhagen Cruise
Port.
Kalundborg is a cruise destination that has historically
received just a handful of cruise calls per season. However, with a
new 500m quay completed in 2019 and with the addition of GPH's
global expertise and know-how, we expect to drive strong growth in
cruise traffic at the port over the years ahead. As part of the
lease agreement, subject to certain milestones, GPH will invest up
to EUR6m by the end of 2025 into a purpose-built cruise terminal.
GPH currently expects to take over cruise port operations before
the end of the current financial year.
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding
Martin Brown Ceylan Erzi
Telephone: +44 (0) 7947 163 687 Telephone: +90 212 244 44 40
Email: martinb@globalportsholding.com Email: ceylane@globalportsholding.com
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ISIN: GB00BD2ZT390
Category Code: AGR
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 124408
EQS News ID: 1240981
End of Announcement EQS News Service
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October 15, 2021 02:00 ET (06:00 GMT)
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