TUI AG: Award of phantom shares under TUI AG's Long Term Incentive Plans

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 TUI AG (TUI) 
TUI AG: Award of phantom shares under TUI AG's Long Term Incentive Plans 
 
13-Dec-2017 / 17:41 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
          TUI AG 
 
                     PDMR Interest in shares 
 
            Award of phantom shares under TUI AG's Long Term Incentive Plans 
 
  TUI AG (the "Company") announces that phantom share awards ("Awards") were 
granted to its members of the Executive Board and Mr Wolfgang Flintermann, a 
    member of the Company's Supervisory Board, as set out in the table below 
                     under its Long Term Incentive Plans. 
 
The Awards were granted with retroactive effect to 1 October 2017 at a base 
price of EUR 14.60[1] per share. 
 
    Name of the PDMR    Corporate Body Number of Awards 
   Friedrich Joussen   Executive Board          125,342 
         Horst Baier   Executive Board        10,274[2] 
       David Burling   Executive Board           63,014 
      Sebastian Ebel   Executive Board           63,014 
       Dr Elke Eller   Executive Board           52,740 
   Frank Rosenberger   Executive Board           52,397 
Wolfgang Flintermann Supervisory Board            8,219 
 
The Awards were granted under the terms and conditions of the respective 
service contracts. The vesting of the Awards is depending on the performance 
criteria specified by the respective service contracts and the price of TUI 
AG shares. 
 
          Vesting of phantom shares under TUI AG's Long Term Incentive Plans 
 
  Furthermore, the Company announces that Awards granted under its Executive 
       Board Long Term Incentive Plan vested on 30 September 2017 and became 
   payable on 12 December 2017 after the adoption of the annual accounts for 
                  the financial year 2016/17, as set out in the table below. 
 
        The Awards, which will be paid out in cash, vested at a value of EUR 
                     14.60[3] per share. 
 
 Name of the PDMR  Corporate Body Number of Awards 
Friedrich Joussen Executive Board           56,164 
      Horst Baier Executive Board           53,743 
 
The Awards vested and became payable in accordance with the terms and 
conditions of the respective service contracts. 
 
=--------------------------------------------------------------------------- 
 
[1] Average XETRA price of TUI AG shares over the 20 trading days prior to 
the date of grant. 
 
[2] In addition to further 46,233 Awards received on 1 October 2017 (as 
announced on 5 October 2017). 
 
[3] Average XETRA price of TUI AG shares over the 20 trading days prior to 
the date of vesting. 
 
ISIN:           DE000TUAG000, DE000TUAG281, DE000TUAG299 
Category Code:  DSH 
TIDM:           TUI 
LEI Code:       529900SL2WSPV293B552 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   5017 
 
End of Announcement EQS News Service 
 
638763 13-Dec-2017 
 
 

(END) Dow Jones Newswires

December 13, 2017 11:41 ET (16:41 GMT)