REG-TUI AG TUI AG: Results of Annual General Meeting, Capital Reduction and Share Consolidation

TUI AGAnnouncement

16/02/2023 18:30

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   TUI AG (TUI)
   TUI AG: Results of Annual General Meeting, Capital Reduction and Share
   Consolidation

   16-Feb-2023 / 19:15 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   NOT FOR RELEASE, PUBLICATION OR  DISTRIBUTION, DIRECTLY OR INDIRECTLY,  IN
   OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
    

   16 February 2023
                                     TUI AG
         Results of Annual General Meeting, Capital Reduction and Share
                                 Consolidation
   Following the Annual General  Meeting of TUI AG  (the Company) held on  14
   February 2023, the Company announces that the resolutions proposed at  the
   Annual General  Meeting seeking  approval by  its shareholders  of,  among
   other matters, (i)  the reduction  of its share  capital by  means of  the
   redemption of three shares by the Company, (ii) the reduction of its share
   capital by a consolidation of shares in the ratio of ten to one and  (iii)
   the associated amendments  to the Company’s  articles of association  were
   duly passed. 
   Prior to  the  capital  reduction and  the  share  consolidation  becoming
   effective, the  Company’s  issued  share capital  was  EUR  1,785,205,853,
   divided into 1,785,205,853 shares  of no-par value each.  As at 3:29  p.m.
   (UK time) on 16 February 2023 (the effective time of the capital reduction
   and the  share  consolidation)  the  Company’s  issued  share  capital  is
   EUR 178,520,585, divided  into 178,520,585  no-par value  shares (the  New
   Ordinary Shares).
   Applications have been made to the FCA  to amend the Official List and  to
   the London Stock Exchange to amend the trading line in respect of the  New
   Ordinary Shares. It is expected that the New Ordinary Shares will commence
   trading on the London Stock Exchange at 8:00 a.m. (UK time) on 24 February
   2023. The New Ordinary Shares will have the ISIN DE000TUAG505.
   The expected  timetable in  relation to  the capital  reduction and  share
   consolidation is set out below.

   23 February 2023 Last trading day under existing ISIN
   24 February 2023 First trading day under new ISIN DE000TUAG505
   27 February 2023 Record  date  for   the  capital   reduction  and   share
                    consolidation
   28 February 2023 New Ordinary Shares credited  as depositary interests  to
                    holders of depositary interests in the UK*

    
   *Due to the custodial chain from Germany to the UK, holders of depositary
   holders may not receive their depositary interests until the afternoon.
    

    

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   ISIN:           DE000TUAG000
   Category Code:  RAG
   TIDM:           TUI
   LEI Code:       529900SL2WSPV293B552
   OAM Categories: 2.5. Total number of voting rights and capital
   Sequence No.:   223837
   EQS News ID:    1562159


    
   End of Announcement EQS News Service

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