Capital Increase March 2023
Below you will find all information we have published on the capital increase.
Publications
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
Ad-hoc Announcement of 24 March 202324 March 2023PDF | 227.28 KB
TUI intends to repay Corona state aid in full
Press Release of 24 March 202324 March 2023PDF | 707.42 KB
TUI AG successfully completes capital increase with subscription rights
Press Release of 18 April 202318 April 2023PDF | 606.34 KB
TUI repays financial aid from the Economic Stabilisation Fund in full
Press Release of 28 April 202328 April 2023PDF | 521.90 KB
Further Publications
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 2023PDF | 130.97 KB
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
29 March 2023PDF | 93.73 KB
Announcement of Cancellation of trading of Subscription Rights settled in the form of Depositary Interests ("DI Pre-Emptive Rights")
13 April 2023PDF | 173.04 KB
Announcement: Preliminary subscription quota is approximately 90.9%
18 April 2023PDF | 164.85 KB
Announcement: Final subscription quota and results of Rump Placement
18 April 2023PDF | 200.46 KB
Expected Timetable
| 24 March 2023 | Approval and publication of German and UK prospectus | ||
|---|---|---|---|
| 24 March 2023 | 27 March 2023 | Approval and publication of German and UK prospectus | 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 |
| 24 March 2023 | 27 March 2023 | Approval and publication of German and UK prospectus | Subscription Offer published |
| 24 March 2023 | 28 March 2023 | Approval and publication of German and UK prospectus | Subscription Period and trading of Subscription Rights on HSE and FSE begins |
| 24 March 2023 | 29 March 2023 | Approval and publication of German and UK prospectus | Record date for Subscription Rights entitlements |
| 24 March 2023 | 30 March 2023 | Approval and publication of German and UK prospectus | 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 |
| 24 March 2023 | 12 April 2023 | Approval and publication of German and UK prospectus | Subscription Rights and DI Pre-Emptive Rights cease trading |
| 24 March 2023 | 17 April 2023 | Approval and publication of German and UK prospectus | Subscription Period and DI Pre-Emptive Rights Subscription Period end |
| 24 March 2023 | 18 April 2023 | Approval and publication of German and UK prospectus | Rump Placement, if any |
| 24 March 2023 | 24 April 2023 | Approval and publication of German and UK prospectus | Commencement of trading in the New Shares, Settlement of New Shares with shareholders and investors |
FAQs
The subscription ratio is 8 to 3. This means for every 3 existing shares held, the shareholder is entitled to purchase 8 news shares.
The subscription price is 5.55€ per share.
- 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.
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.
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.
ISIN DE000TUAG505 / WKN TUAG50 – TUI shares and DIs
ISIN DE000TUAG1E4 – subscription rights
The new shares are expected to be booked in your securities account on 24 April, 2023.
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.
Forms
Form 8937, Report of Organizational Actions affecting Basis of Securities
04 May 2023PDF | 1.36 MB