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Royal Caribbean files for voluntary Oslo delisting

Royal Caribbean Cruises Ltd. filed an application to voluntarily delist its shares from the Oslo Stock Exchange, a move that follows overwhelming shareholder approval earlier this year.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

September 24, 2015

1 Min Read
Credit: Seatrade Cruise News

The delisting is subject to approval by the Oslo Børs.

Royal Caribbean's steps to minimize inconvenience to impacted shareholders include the plan to maintain the OSE listing for at least three months. The company also will assist shareholders to transfer their shares to the New York Stock Exchange, where RCL shares will continue to trade without interruption.

In the earlier vote more than 93% of shareholders agreed with the company's recommendation to delist on the grounds the benefits of maintaining a secondary listing in Oslo were outweighed by the additional costs and regulatory requirements.

Royal Caribbean is returning to a single listing on the NYSE, which has been RCL's primary listing since the company first offered shares to the public in 1993.

'Norway plays an important part in Royal Caribbean's history, and we appreciate the support we continue to receive from our investors here,' cfo Jason Liberty said. 'We remain appreciative of our long partnership with the Oslo Børs, and we intend to do all we can to encourage continued participation by our Norwegian shareholders and to create a smooth transition for those shareholders who do not intend to remain.'

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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