Carnival plc amends ADR deposit agreement tied to planned Bermuda unification
On February 12, 2026, Carnival plc entered into Amendment No. 1 to its Amended and Restated Deposit Agreement with JP Morgan Chase Bank, N.A., as depositary, which governs American Depositary Receipts. The amendment sets out when the agreement terminates, including automatically upon completion of the proposed unification of the dual listed company arrangement and migration of Carnival Corporation from Panama to Bermuda, and describes how holders would receive New Carnival Shares in that case. The filing does not report financial results or a dollar impact.
- Amendment No. 1 signed February 12, 2026, with JP Morgan Chase Bank, N.A. as Depositary
- Deposit Agreement terminates immediately and automatically upon consummation of the proposed unification and migration from Panama to Bermuda
- Depositary will use reasonable efforts to distribute New Carnival Shares to ADR holders; unsold proceeds would be held in trust without interest if distribution is not possible