Hanover, 28 January 2021

TUI AG successfully completes capital increase

  • Gross proceeds of around 568 million euros 
  • Over 98 per cent of subscription rights exercised
  • Capital increase was part of the Group's third financing package and enables early redemption of the senior bon

TUI AG has successfully completed its capital increase in full. The gross proceeds amount to around 568 million euros. The Group's share capital increased nominally by almost 509 million euros to around 1.099 billion euros.

The capital increase was part of the third financing package for TUI announced on 2 December 2020. As announced, the inflow of funds from the capital measure will serve, among other things, the early redemption of the senior bond with a nominal amount of 300 million euros maturing in October 2021. As a result, the maturities of the KfW loans granted from the three financing packages will be extended until July 2022.

During the subscription period from 8 to 26 January 2021, existing shareholders were able to exercise their subscription rights and subscribe to new shares at a ratio of 29:25 for 1.07 euros per share. 98.37 per cent of the subscription rights were exercised. The unsubscribed shares subsequently went fully to qualified investors in a rump placement at the market price. The capital increase was supported by Barclays Bank, Bank of America, Citigroup and Deutsche Bank.

The new shares are to be credited to the securities accounts on 29 January 2021.

About TUI Group

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 Prime Standard of the Frankfurt Stock Exchange, in the regulated market of the Lower Saxony Stock Exchange in Hanover and in the FTSE 250, an index of the London Stock Exchange. TUI Group offers its 19 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 16 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.