Austria
Below you will find all information we have published on the capital increase.
Capital Increase March 2023
Publications
- Ad-hoc Announcement of 24 March 2023:
TUI AG announces launch of a €1.8bn capital increase for repayment of WSF state aid and significant reduction of the KfW credit lines to strengthen its balance sheet - Press Release of 24 March 2023:
TUI intends to repay Corona state aid in full - Press Release of 18 April 2023:
TUI AG successfully completes capital increase with subscription rights - Press Release of 28 April 2023:
TUI repays financial aid from the Economic Stabilisation Fund in full - German Prospectus
- UK Prospectus
- Subscription Offer
Presentation Theoretical Ex Rights Price
Further Publications
- 24 March 2023: 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)
- 24 March 2023: UKReg Announcement on Publication of Prospectuses
- 29 March 2023: 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
- 13 April 2023: Announcement of Cancellation of trading of Subscription Rights settled in the form of Depositary Interests ("DI Pre-Emptive Rights")
- 18 April 2023: Announcement: Preliminary subscription quota is approximately 90.9%
- 18 April 2023: Announcement: Final subscription quota and results of Rump Placement
- 20 April 2023: Admission Announcement
Expected Timetable
| 24 March 2023 | Approval and publication of German and UK prospectus |
| 27 March 2023 | International transfers of shares in the Company between the CREST system in the UK and the Clearstream system in Germany paused from close of business |
| 27 March 2023 | Subscription Offer published |
| 28 March 2023 | Subscription Period and trading of Subscription Rights on HSE and FSE begins |
| 29 March 2023 | Record date for Subscription Rights entitlements |
| 30 March 2023 | DI Pre-Emptive Rights (pre-emptive subscription rights to acquire additional DIs, "the DI Pre-Emptive Rights”) Subscription Period begins; DI Pre-Emptive Rights begin trading on a multilateral trading platform of the London Stock Exchange. International transfers of shares in the Company between the CREST system in the UK and the Clearstream system in Germany resume from open of business |
| 12 April 2023 | Subscription Rights and DI Pre-Emptive Rights cease trading |
| 17 April 2023 | Subscription Period and DI Pre-Emptive Rights Subscription Period end |
| 18 April 2023 | Rump Placement, if any |
| 24 April 2023 |
Commencement of trading in the New Shares Settlement of New Shares with shareholders and investors |
FAQS
What is the subscription ratio?
The subscription ratio is 8 to 3. This means for every 3 existing shares held, the shareholder is entitled to purchase 8 news shares.
What is the subscription price?
The subscription price is 5.55€ per share.
Until when can I exercise my subscription rights?
- Germany: The subscription period runs from 28 March to 17 April with subscription rights trading ending on 12 April.
- In the United Kingdom (DI pre-emptive rights): The subscription period for DI pre-emptive rights runs from 30 March to 17 April with DI pre-emptive rights trading ending on 12 April.
At what day will the shares trade "ex subscription rights"?
From the beginning of the subscription period on 28 March 2023, the existing shares of the Company (ISIN DE000TUAG505 / WKN TUAG50) will be quoted “ex subscription rights” on the regulated market of the Hanover Stock Exchange, the London Stock Exchange, the Open Market of the Frankfurter Stock Exchange and on the OTC-markets of all other German stock exchanges.
How many new shares will there be from the capital increase? What will be the total number of shares after the capital increase?
The capital will be increased by 328,910,448 new shares to a total of 507,431,033 issued shares. Before the transaction the share count was 178,520,585.
What are the different ISINS?
ISIN DE000TUAG505 / WKN TUAG50 – TUI shares and DIs
ISIN DE000TUAG1E4 – subscription rights
When will the new shares be booked to my securities account?
The new shares are expected to be booked in your securities account on 24 April, 2023.
What are DIs?
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.
