REG - SAGA Plc - Response to Media Coverage

SagaAnnouncement

26/01/2024 07:00

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RNS Number : 9829A  SAGA PLC  26 January 2024

 

26(th) January 2024

Saga plc

 

Response to Media Coverage

 

Saga plc (Saga or the Group) notes recent media coverage.  Saga is
committed to providing best-in-class products and services to its customers
across all its businesses. The Board is exploring opportunities to optimise
Saga's operational and strategic position in Cruise, where exceptional demand
for its boutique ocean cruise offer means it is operating at close to
capacity. It has concluded that a partnership arrangement for Ocean Cruise
would be consistent with Group strategy to move to a capital-light business
model to support further growth and crystalise value, reduce debt and enhance
long-term returns for shareholders.

No decision has yet been made and there can be no certainty that any
partnership agreement will occur. A further announcement will be made in due
course, as appropriate.

 

 

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