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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tui Ag | LSE:TUI | London | Ordinary Share | DE000TUAG505 | ORD REG SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.17% | 570.50 | 570.50 | 571.00 | 582.00 | 566.00 | 566.00 | 890,489 | 16:29:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Travel Agencies | 20.67B | 305.8M | 0.1713 | 38.82 | 11.87B |
TIDMTUI
RNS Number : 7677L
TUI AG
05 October 2016
TUI AG
PDMR INTEREST IN SHARES
Awards of Phantom Shares Under Long Term Incentive Programmes
TUI AG ("the Company") announces that phantom share awards ("Awards") were granted to the PDMRs set out in the table below under the TUI AG Long Term Incentive Plan. The Awards were granted at a base price of EUR 12.36 (1) per share on 1 October 2016:
Name of the Corporate Number of Phantom Shares PDMR Body ---------------------- ------------- ------------------------- Executive Friedrich Joussen Board 119741 ---------------------- ------------- ------------------------- Executive Horst Baier Board 54612 ---------------------- ------------- ------------------------- Executive David Burling Board 40453 ---------------------- ------------- ------------------------- Executive Sebastian Ebel Board 40453 ---------------------- ------------- ------------------------- Executive Dr Elke Eller Board 33981 ---------------------- ------------- ------------------------- Wolfgang Flintermann Supervisory (2) Board 9709 ---------------------- ------------- -------------------------
The Awards granted to the Executive Board members were granted in accordance with the terms of their respective service contracts and will vest and be paid in cash subject to (i) a TSR performance target determined over a 4-year performance period; and (ii) the share price at the date of vesting.
The Award granted to Mr Flintermann was made under the Senior Management Long Term Incentive Plan with the same performance conditions but measured over a three year period rather than four.
The Company also announces that, following a resolution of its Supervisory Board, the rights of former TUI Travel PLC's Executive Directors who are now PDMRs of the Company under TUI AG's Long Term Incentive Plan (the "Plan") were settled early. As part of the merger between the Company and the former TUI Travel PLC ("PLC") in December 2014 all non-vested rights of the participants under the PLC share plans were exchanged for equivalent rights over TUI AG shares. The rights of David Burling (over 139,280 phantom shares) and Peter Long (over 455,604 phantom shares) were settled on 30 September 2016 at a price of EUR 12.50 per share.
In addition, the Supervisory Board also resolved to settle the award over 161,859 phantom shares granted to Peter Long under TUI AG's Long Term Incentive Plan for the period 01 October 2014 to 09 February 2016 at a price of EUR 12.50 per share.
(1) Average XETRA price of TUI AG shares over the 20 trading days prior to the date of grant.
(2) Wolfgang Flintermann is an Employee Representative on the Supervisory Board and is, according to his role as Group Director Accounting, entitled to participate in a Senior Management LTIP scheme.
Dated: 05 October 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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October 05, 2016 06:06 ET (10:06 GMT)
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