CORRECTION - NOTIF. OF TRANSACTION OF DIRECTOR/...
CORRECTION - NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR
MIAMI (February 22, 2006) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) noted a correction to the announcement made earlier today.
The exercise price for the options over plc Shares issued to Mr. Foschi is
31.98 pounds per plc Share and is based on the 30-day average of the closing
price of one share of Carnival plc. The exercise price for Mr. Dingle is as
previously stated. Following the option award Mr. Dingle holds options over
49,991 plc Shares.
All other information in the prior release remains unchanged.
Complete, corrected announcement follows:
NOTIFICATION OF TRANSACTION OF DIRECTOR/PDMR
MIAMI (February 22, 2006) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) announced that on February 21, 2006 awards were made to certain executive
directors and PDMRs pursuant to the Carnival plc 2005 Employee Share Plan (the
"2005 Plan") and Carnival Corporation 2002 Stock Plan (the "2002 Plan").
Pursuant to the 2002 Plan, an option to purchase 50,000 shares of common stock
of Carnival Corporation (the "Corporation Shares") was granted to Peter G.
Ratcliffe, Chief Executive Officer of P&O Princess Cruises International.
This option is exercisable in five equal installments beginning on the first
anniversary of the date of grant. The exercise price of US$51.375 per
Corporation Share is based on the average of the high and low sales prices of
one Corporation Share on February 21, 2006 on the New York Stock Exchange.
Also pursuant to the 2002 Plan, Mr. Ratcliffe was granted 10,000 restricted
share units representing a hypothetical interest in Carnival Corporation
Shares ("Corporation RSUs"). The Corporation RSUs will be released from
restriction on the fifth anniversary of the date of grant.
Pursuant to the 2005 Plan, an option to purchase Carnival plc ordinary shares
of US$1.66 each ("plc Shares") and restricted share units representing a
hypothetical interest in plc Shares ("plc RSUs") were awarded as follows:
Option Over Restricted
----------- ----------
Director/PDMR Name Shares Awarded Share Units Awarded
------------------ -------------- -------------------
Pier Luigi Foschi 50,000 10,000
David Dingle 275 605
The option awarded to Mr. Foschi, Chief Executive Officer of Costa Crociere,
S.p.A., is exercisable in five equal installments beginning on the first
anniversary of the date of grant. The option awarded to Mr. Dingle, Managing
Director of Carnival UK and P&O Cruises, is exercisable in full on the third
anniversary of the date of grant. The exercise price of 31.98 pounds per plc
Share is based on the closing price of one share of Carnival plc on February
21, 2006 on the London Stock Exchange.
The plc RSUs awarded to Mr. Foschi will be released from restriction on the
fifth anniversary of the date of grant. The plc RSUs awarded to Mr. Dingle
will be released from restriction on the third anniversary of the date of
grant.
Following this notification Mr. Ratcliffe holds 20,000 Corporation RSUs and
options over 150,000 Corporation Shares, Mr. Foschi holds 10,000 plc RSUs and
options over 398,264 plc Shares and Mr. Dingle holds 605 plc RSUs and options
over 49,991 plc Shares.
This notification relates to disclosures made in accordance with Disclosure
Rule 3.1.4(R)(1)(a) and Disclosure Rule 3.1.4(R)(1)(b), a disclosure made in
accordance with section 324 of the Companies Act 1985.
Further details and a copy of the Forms 4, Statement of Changes in Beneficial
Ownership of Securities, being filed later today with the U.S. Securities &
Exchange Commission, can be found at the SEC web site, www.sec.gov, and the
Carnival Corporation & plc web site located at www.carnivalcorp.com or
www.carnivalplc.com.
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