TUI: Annual General Meeting of TUI AG closed

The Group’s 50th ordinary Annual General Meeting of the Group, convened at the Hanover Congress Centre today, was attended by around 2000 shareholders and shareholder representatives as well as guests. Attendance thus accounted for 68.93 per cent of the capital stock (previous year 71.7 per cent).

Under agenda items 3 and 4, the proposals for resolutions by the management were adopted with clear majorities. Under agenda item 5 (Resolution on changing the financial year pursuant to article 2 (2) of the TUI AG Charter) the proposal for resolution by the management were adopted at 98.25 per cent of the vote.

Under agenda items 6 to 9, the proposals for resolutions by the management were also adopted with clear majorities.

Under agenda item 10 (Election to fill vacancies on the Supervisory Board), Mustapha Bakkoury and Dr Peter Barrenstein were elected to fill the vacancies on the Supervisory Board in accordance with article 11 (3) of the Charter.

Under agenda item 11 and 12 the vote to remove Supervisory Board members Dr Jürgen Krumnow and Dr Abel Matutes Juan, elected by the Annual General Meeting, were rejected at 65.09 per cent and 65.54 per cent of the vote. Attendance thus accounted for 68.93 per cent of the capital stock (previous year 71.7 per cent).

Agenda item 13 was not applicable due to the resolution adopted under agenda items 11 and 12.

Under agenda item 14 the proposal for resolution on the appointment of a special auditor in accordance with Section 142 (1) AktG to assess whether the remunerations awarded to the Chairman of the Executive Board is reasonable was rejected with 65 per cent of the vote. Attendance thus accounted for 68.93 per cent of the capital stock (previous year 71.7 per cent).

Under agenda item 15 the proposal for resolution on the appointment of a special auditor in accordance with Section 142 (1) AktG to inspect whether the company acted in accordance with its duties in publishing inside information was rejected with 64.96 per cent.

The Annual General Meeting was closed at 21.00 h by the chairman of the meeting.