Hanover, 14 February 2023

AGM of TUI AG paves way for planned capital increase: share consolidation approved by large majority

  • All other agenda items also approved by large majority

Hanover, 14 February 2023. At today's 64th Annual General Meeting, the shareholders of TUI AG laid the foundation for the planned capital increase. They voted by a large majority (98.11 per cent) in favor of the proposed reverse stock split at a ratio of 10 to 1. The Group aims to reduce its net debt and interest costs and significantly improve its balance sheet structure. At the end of last year, the TUI AG Executive Board already agreed with the Economic Stabilization Fund (WSF) on a model and timetable for repaying the Corona aid granted by the WSF.

In addition, the shareholders discharged the members of the Executive Board and the Supervisory Board for the 2022 financial year. All agenda items were approved by a large majority. Attendance including votes cast was 11.2 percent of the capital stock (previous year: 49.06 percent). 

The AGM closed at 6:40 p.m. CET. The detailed voting results for all agenda items of the AGM can be found at https://www.tuigroup.com/en-en/investors/agm as of 15 February 2023.