Inside Information according to article 17 MAR
NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING WOULD BE UNLAWFUL. PLEASE READ THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING ANY INVESTOR'S DECISION OR OPTIONS WITH RESPECT TO THE PLACEMENT (AS DEFINED BELOW). THE PRICE AND VALUE OF SECURITIES OF THE COMPANY CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. THE CONTENTS OF THIS ANNOUNCEMENT ARE NOT TO BE CONSTRUED AS LEGAL, BUSINESS, FINANCIAL OR TAX ADVICE. EACH SHAREHOLDER OR PROSPECTIVE INVESTOR SHOULD CONSULT HIS, HER OR ITS OWN INDEPENDENT LEGAL ADVISER, BUSINESS ADVISER, FINANCIAL ADVISER OR TAX ADVISER FOR LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL CONSTITUTE AN OFFERING OR PLACEMENT OF NEW SHARES OR OTHER SECURITIES. NEITHER THIS COMMUNICATION NOR ANY PART OF IT SHALL FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH OR ACT AS AN INDUCEMENT TO ENTER INTO ANY CONTRACT OR COMMITMENT WHATSOEVER. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY SECURITIES MUST BE MADE ONLY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION.
TUI AG places new shares from cash capital increase with gross proceeds of approximately EUR 425 million to further reduce government financing
Inside Information according to Article 17 MAR and Article 17 of UK MAR
This announcement is an advertisement and is not a prospectus within the meaning of the Regulation (EU) 2017/1129, as amended, and the Prospectus Regulation EU 2017/1129 as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 or otherwise.
Hanover, 17 May 2022. TUI AG (the “Company”, ISIN DE000TUAG000) has successfully placed 162,291,441 new no-par value ordinary registered shares (“New Shares”) with institutional investors at a placement price of EUR 2.62 per new share by way of an accelerated bookbuilding, resulting in gross proceeds of approximately EUR 425 million. The Company will increase its current share capital by approximately 10% from EUR 1,622,914,412.00 to EUR 1,785,205,853.00 through a partial exercise of its authorised capital. Shareholders' subscription rights were excluded.
The New Shares shall be admitted without a prospectus to the premium listing segment of the Official List of the FCA in the form of depositary interests and to trading on the Main Market for listed securities of the London Stock Exchange as well as to the regulated market segment (Regulierter Markt) of the Hannover Stock Exchange and are expected to be, included and admitted to trading on the Open Market segment (Freiverkehr) of the Frankfurt Stock Exchange with trading over the electronic platform Xetra on or around 24 May 2022. Delivery of the New Shares to investors is expected to occur on 24 May 2022.
The Company has agreed to a lock-up of 90 days, subject to customary exceptions.