TUI AG: CEO Fritz Joussen participates in capital increase
Fritz Joussen, CEO of TUI AG, is participating in the capital increase resolved at the Group's Extraordinary General Meeting on 5 January 2021. He exercised 500,000 subscription rights and thus acquired approximately 431,000 new shares. Joussen had previously sold shares (300,000) and subscription rights (100,000) on the market, among other things to finance the exercise of subscription rights. By participating in the capital increase via the subscription rights, Fritz Joussen's shareholding increases from around 900,000 TUI shares to around 1.03 million TUI shares. Fritz Joussen had purchased the original around 900,000 shares at a weighted average price of 9.96 euros/share.
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 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.
