TUI AG: Release of a capital market information (1138899)

 
 TUI AG (TUI) 
TUI AG: Release of a capital market information 
 
05-Oct-2020 / 13:51 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
*Disclosure pursuant to Article 5(1) lit. a) Regulation (EU) No. 596/2014 
and Article 2(1) of Delegated Regulation (EU) No 2016/1052* 
 
Announcement of purchase of own shares in the course of the employee share 
participation program 'oneShare' 
 
Hanover, 5 October 2020 
 
The Executive Board of TUI AG, having its corporate seat in Hanover and 
Berlin, ISIN: DE000TUAG000, has resolved to buy back up to 150,920 own 
shares (the '*Shares*') pursuant to Section 71(1) No. 2 German Joint Stock 
Corporation Act (_Aktiengesetz - AktG_). The Shares bought back shall be 
transferred to employees of TUI Group participating in the employee share 
participation program 'oneShare'. 
 
The shares are supposed to be purchased in the period of time between 6 
October 2020 until 7 October 2020 for a maximum total purchase price of EUR 
600,000.00 (without transaction costs). The 150,920 shares to be purchased 
would result in an estimate total purchase volume of EUR 476,907.20 (without 
transaction costs) on the basis of share price of EUR 3.16 (Xetra closing 
price of 2 October 2020). 
 
The shares purchased shall be transferred to the employees participating in 
'oneShare' immediately after the completion of the buyback. Consequently, 
the buyback will have no impact in the number of shares attracting a 
dividend. The share buyback thus serves to meet obligations arising from 
share option program, under Art. 5(2) lit. c) Regulation (EU) No 596/2014 of 
the European Parliament and the Council of 16 April 2014 ('*MAR*'). 
 
A credit institution was retained to carry out the buyback on behalf of TUI 
AG. This institution shall make its decisions regarding the buyback 
independently and uninfluenced by TUI AG. TUI AG's right to early 
termination of the mandate shall remain unaffected. The buyback may be 
suspended, discontinued and resumed at any time in compliance with the 
applicable statutory provisions. 
 
The buyback is to be carried out at the best price and in the best interest 
of TUI AG. It shall be carried out exclusively via the stock exchange in 
electronic trading through the Frankfurt Stock Exchange (Xetra). 
 
The buyback shall be performed in compliance with the safe harbor rules of 
Art. 5 MAR and Art. 2-4 of Delegated Regulation (EU) of the Commission No 
2016/1052 of 8 March 2016*. *Accordingly,no purchase price may be paid which 
exceeds the price of the last independent trade or the highest independent 
bid placed at the time of the purchase on the stock exchange on which the 
purchase is carried out, whichever value is the higher. Orders are not 
placed during the auction phase and orders placed prior to the start of an 
auction phase are not changed during this phase. The retained credit 
institution shall, furthermore, acquire no more than 25% of the average 
daily volume of shares on the stock exchange on which the purchase is 
carried out. The average volume of shares is calculated based on the average 
daily trade volume of the 20 trading days preceding the specific date of 
purchase. 
 
Because of TUI AG's listing at the London Stock Exchange the buyback is also 
performed in accordance with the stock exchange rules of the United Kingdom, 
especially UK Listing Rule 12.4.1. 
 
Transactions executed in the course of the buyback will be disclosed in a 
manner consistent with the applicable legal requirements. 
 
Furthermore, TUI AG will report on the buyback on a regular basis under 
https://www.tuigroup.com/en-en/ 
investors/share/employee-share-participation-programme. 
 
TUI AG 
The Executive Board 
 
ISIN:           DE000TUAG000 
Category Code:  POS 
TIDM:           TUI 
LEI Code:       529900SL2WSPV293B552 
OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares 
Sequence No.:   85436 
EQS News ID:    1138899 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

October 05, 2020 07:51 ET (11:51 GMT)