Capital Increase October 2021
Below you will find all information we have published on the capital increase.
Publications
TUI AG announces further strengthening of its balance sheet via fully underwritten c.€1.1 bn capital increase
Ad Hoc Announcement of 6 October 2021TUI provides a Q4 post-close trading update and announces further strengthening of its balance sheet via fully underwritten €1.1bn capital increase
Launch Announcement of 6 October 2021
Further Publications
Announcement of the issue of new shares and the exclusion of subscription rights for fractional shares in the context of a capital increase with subscription rights pursuant to Section 49(1) sentence 1 no. 2 German Securities Trading Act (Wertpapierhandelsgesetz, WpHG)
Admission of Subscription Rights settled in the form of Depositary Interests (DI Pre-Emptive Rights) and notice of intention to cancel trading of DI Pre-Emptive Rights
Cancellation of trading of Subscription Rights settled in the form of Depositary Interests ("DI Pre-Emptive Rights")
Press Announcement regarding the Results of the Subscription Offer
Press Announcement regarding the Results of the Rump Placement
Expected Timetable
Note for DI-Holders
Further to the contents of the Prospectus and event details provided, you are advised that the rights security DE000TUAG1D6 will require a National Declaration to be completed on transactions within the CREST system. (e.g. GB for any holdings within the British Isles).
This process is a continuation of the National Declaration process already present on the existing Depositary Interests (DIs) registered under the ISIN DE000TUAG000.
Due to the differing implementation of entitlement ratios between Germany and the UK, Link Group in their capacity as Depository will ensure that your Rights are credited on a Pro-rata basis into CREST accounts, at a ratio of 10 Rights for every 21 Depositary Interests being held. You should note that as the ratio is applied initially, Rights can be exercised in the CREST system on a one-for-one basis, and will be treated as an instruction to link to purchase one new share in the German market at a rate of €2.15 per purchased share. This will subsequently be credited to you as standard Depositary Interests under the ISIN DE000TUAG000.
For further information, please refer to the Prospectus, or the event details within the CREST GUI.
Tel: +49 (0)371 664 0300
FAQs
The subscription ratio is 10 to 21. This means for every 21 existing shares held, the shareholder is entitled to purchase 10 news shares.
The subscription price is 2.15€ per share.
- Germany: The subscription period runs from 8 to 26 October with subscription rights trading ending on 21 October.
- In the United Kingdom (DI pre-emptive rights): The subscription period for DI pre-emptive rights runs from 12 to 26 October with DI pre-emptive rights trading ending on 21 October.
The capital will be increased by 523,520,778 new shares to a total of 1,622,914,412 issued shares. Before the transaction the share count was 1,099,393,634.
ISIN DE000TUAG000 / WKN TUAG00 – TUI shares and DIs
ISIN DE000TUAG1D6 – subscription rights
The new shares are expected to be booked in your securities account on November 2, 2021.
TUI shares being German securities are not available for trading directly on the London Stock Exchange. In this context TUI issues a substitute called Depositary Interests (DIs) instead. One Depositary Interest represents an entitlement to one TUI share and is subject to UK law.