Saga plc, the British lifestyle company that focuses on those over the age of 50, said the final contract has been signed with Meyer Werft shipyard for the delivery of a 55,900 gross ton cruise ship in 2019, the company said in a trading update.

The company signed an initial contract with the German builder in the autumn. It included an option for a second to be delivered in 2021.

Saga will announce its preliminary results for the year ending 31 January 2016 on 19 April 2016.