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Commences cruise operations in Nassau

eqs_en 
0 0 10.10.19
Commences cruise operations in Nassau
 

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 enquiries:

 

For media enquiries:

Global Ports Holding, Investor Relations

 

Brunswick Group LLP

Martin Brown, Investor Relations Director

 

Azadeh Varzi and Imran Jina

Telephone: +44 (0) 7947 163 687

 

Telephone: +44 (0) 20 7404 5959

Email: [email protected]

 

Email: [email protected]

 
ISIN: GB00BD2ZT390
Category Code: MSCM
TIDM: GPH
Sequence No.: 22944
EQS News ID: 888011

 
End of Announcement EQS News Service

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