February 11, 2020
TUI AGM: Shareholders confirm dividend of 0.54 euros per share
Corporate
Today’s 61st ordinary Annual General Meeting of TUI AG held at TUI Arena, Expo Plaza, Hanover, was attended by more than 1,600 shareholders and guests. Attendance accounted for 72.66 per cent of the share capital (previous year 73.02 per cent). The shareholders ratified the acts of management of the members of the Executive Board and Supervisory Board for financial year 2019. The Annual General Meeting also approved the proposal submitted by the Executive Board and Supervisory Board to distribute a dividend of 0.54 euros per share for the completed financial year 2019.
For the first time, María Garaña Corces (96.31 per cent) and Ingrid-Helen Arnold (98.84 per cent) were elected to the Supervisory Board. In addition, Vladimir Lukin who had officially been appointed by the local court was elected by the General Meeting. Coline McConville has been elected again for a four-year-term as a representative of the shareholders. All agenda items were adopted by large majorities.
The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its 20 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 17 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.
Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.
