TUI placed convertible bond successfully
| Service |
Hanover, October 7, 2003
TUI AG has successfully placed an approximately 385 million Euro convertible bond with a maturity of five years on October 7. The issue size has been increased from an initial 350 million Euro. The convertible bond was priced with a 4.0 per cent coupon and a conversion premium of 47.5 per cent to the reference price of 14.6433 Euro. It is convertible into 17,803,240 shares of TUI AG. TUI intends to list the convertible bond on the Luxembourg stock exchange, with settlement and closing on or around December 1, 2003.
Citigroup, HVB Corporates & Markets and WestLB AG acted as joint lead managers and joint bookrunners to the transaction. The convertible bond was placed solely with institutional investors outside the USA, Canada and Japan.
This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this announcement and the offer and sale of securities of TUI AG in certain jurisdictions may be restricted by law. Any persons reading this announcement should inform themselves of and observe any such restrictions.
No action has been or will be taken in the Federal Republic of Germany that would permit a public offering of the securities, or distribution of a prospectus or any other offering material relating to the securities. In particular, no sales prospectus (Verkaufsprospekt) within the meaning of the German Securities Sales Prospectus Act (Wertpapier-Verkaufsprospektgesetz) of December 13, 1990, as amended, (the “German Securities Sales Prospectus Act”) has been or will be published within the Federal Republic of Germany. Accordingly, any offer or sale of securities within the Federal Republic of Germany may only be made based on an exemption from the prospectus requirement under the German Securities Sales Prospectus Act.
This communication is not an offer for the sale of any securities in the United States or any other country. Neither the bonds nor the shares into which the bonds are convertible may be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. TUI AG does not intend to register any portion of the offering in the United States or to conduct a public offering of the bonds or the shares into which the bonds are convertible the United States.
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) or (iii) high net worth entities, and other persons to whom it may be lawfully communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
Stabilisation /FSA
For further information please contact:
Björn Beroleit, phone +49 511 566-1310
Nicola Gehrt, phone +49 511 566-1435