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TUI Tui Ag

653.00
6.50 (1.01%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  6.50 1.01% 653.00 650.50 652.50 661.50 645.50 652.50 1,021,024 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Travel Agencies 20.67B 305.8M 0.1713 43.32 13.25B

TUI AG: Participation in an employee share purchase program

04/04/2017 12:49pm

UK Regulatory


Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 TUI AG / Director/PDMR Shareholding* 
TUI AG: Participation in an employee share purchase program 
 
04-Apr-2017 / 13:48 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*TUI AG* 
 
*PDMR Interest in Shares* 
 
*Participation in an employee share purchase program* 
 
TUI AG ('the Company') announces that Mrs Anette Strempel, Mr Ortwin 
Strubelt and Mr Wolfgang Flintermann, all members of the Company's 
Supervisory Board (employee representatives), have signed up for their 
participation in the Company's employee share purchase program of the 
Financial Year 2016/17 in their capacity as employees of a participating 
group company. 
 
Respectively, Mrs Anette Strempel, Mr Ortwin Strubelt and Mr Wolfgang 
Flintermann each committed itself under the Company's employee share 
purchase program to invest a monthly amount of 500 EUR ('investment amount') 
in the purchase of the Company's shares during an investment period of 4 
months. Thus, the total amount sums up to 2.000 EUR per participant. The 
investment amount is deducted from the participant's salary. 
 
During the investment period the decision on the participation and the 
investment amount is generally irrevocable and irreversible. The investment 
amount is converted into virtual shares each month during the investment 
period. This will be done based on the arithmetic average price of the 
Company's shares in XETRA (or in a comparable succeeding trade system) 
trading on the Frankfurt Stock Exchange during the last five trading days of 
the month in which the salary is deducted (reference price) provided with a 
20% discount. At the end of the investment period the total amount of 
virtual shares is determined. After the execution of a respective Company's 
capital increase the total amount of virtual shares will be converted into 
the corresponding number of the Company's shares and will be booked to a 
custody depot. These shares are thereafter subject to a lockup period of two 
years. During this time they are entitled to dividends, whereby the dividend 
after corresponding conversion will also be paid in shares which will be 
acquired by the Company or on its behalf at the capital market. After the 
lockup period has ended, for every three held shares one further share will 
be granted (so called matching share), which will be acquired by the Company 
or on its behalf at the capital market. 
 
04 April 2017 
 
The EQS Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de/ukreg 
Language:       English 
Company:        TUI AG 
                Karl-Wiechert-Allee 4 
                30625 Hannover 
                Germany 
Phone:          +49 (0)511 566-1425 
Fax:            +49 (0)511 566-1096 
E-mail:         Investor.Relations@tui.com 
Internet:       www.tuigroup.com 
ISIN:           DE000TUAG000, DE000TUAG281, DE000TUAG299 
WKN:            TUAG00 , TUA G28, TUA G29 
Listed:         Regulated Market in Hanover; Regulated Unofficial Market in 
                Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate 
                Exchange; Open Market in Frankfurt; London 
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.:   4028 
 
End of Announcement EQS News Service 
 
561739 04-Apr-2017 
 
 

(END) Dow Jones Newswires

April 04, 2017 07:49 ET (11:49 GMT)

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