Tag Archives: New York Stock Exchange

Norwegian Cruise Line to Host 2024 Investor Day

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Norwegian Cruise Line Holdings announced that it will host its 2024 Investor Day on May 20 at the New York Stock Exchange, NYC.

According to a press release, the event will feature presentations and a Q&A session with Harry Sommer, president and chief executive officer, as well as other members of the company’s senior leadership team.

Attendance at the live event is by invitation only and will be broadcast online, available to all interested parties. A replay of the webcast and related slide presentations will remain accessible on NCL’s website for an additional 30 days.

Branson to sell $500m space venture stake to support Virgin Atlantic

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Richard Branson to sell up to $500m-worth of Virgin Galactic ...

Sir Richard Branson aims to shore up his airline and travel interests hit by the coronavirus global travel shutdown by selling $500 million in Virgin Galactic shares.

Virgin Group told the New York Stock Exchange it planned to sell 25 million shares in the space tourism venture in a series of transactions.

The company said: “Virgin intends to use any proceeds to support its portfolio of global leisure, holiday and travel businesses that have been affected by the unprecedented impact of Covid-19.”

The freeze in global travel is affecting a host of Virgin Group companies, including Virgin Atlantic as well as its holidays, cruises and hotels businesses.

Virgin Atlantic last week announced it would cut 3,150 jobs, move it Gatwick operation to Heathrow and rebrand Virgin Holidays.

Chief executive Shai Weiss insisted at the weekend that he was “100% confident” the airline can survive the Covid-19 crisis.

The airline, in which founder Branson still holds a majority 51% stake, has been seeking emergency investment as well as some form of state aid while the majority of its fleet remains grounded.

About a dozen investment groups have been reported as showing interest in the UK long-haul carrier while talks continue with the Treasury and transport secretary Grant Shapps.

The airline was told last month that it needed to resubmit a £500 million bid for government state aid amid reports the Treasury had felt the carrier had nit exhausted other options.

Virgin Australia entered administration last month as the airline industry struggles to survive global travel restrictions imposed as a result of the Covid-19 pandemic.

Norwegian Hits the NY$E

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A big change is coming to Norwegian Cruise Line Holdings Ltd.

Pending a shift from the Nasdaq Global Select Market to the New York Stock Exchange, ordinary shares of the parent corporation to Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises are anticipated to make the switch on December 19, 2017, while remaining under the existing “NCLH” ticker symbol.

“We are pleased to partner with the New York Stock Exchange as the new home for our stock listing and look forward to joining the collection of preeminent companies listed on the exchange,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings, in a press release.

“This move marks the latest initiative in our continuous drive to increase our Company’s profile in the marketplace and enhance shareholder value by drawing on the NYSE’s unique competencies and capabilities which make it the ideal listing platform for our Company. We are grateful for the support Nasdaq has provided us over the last five years since our successful IPO and our inclusion in the prestigious Nasdaq-100.”

Until the transfer is finalized, Norwegian will continue to be traded on Nasdaq.

“We are delighted to welcome Norwegian Cruise Line Holdings to the NYSE community,” said NYSE President, Tom Farley, in the release.

“As the operator of three award-winning cruise brands — Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises — Norwegian Cruise Line Holdings has been creating treasured vacation memories for its guests for over 50 years. We are committed to a long-term partnership with Norwegian Cruise Line Holdings and its shareholders and look forward to being a valued partner in the company’s future growth by providing the highest quality markets and services.”