Capital increase of TUI successfully completed Almost complete take up of subscription rights – Proceeds from issue approx. EUR 1.0 billion
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The capital increase of TUI AG has successfully been completed. The new TUI shares offered in a rights issue have met substantial investor demand. About 99.5 percent of the subscription rights were exercised. TUI AG offered the subscription of 71,502,616 new shares at a subscription price of € 14.20 to its shareholders. Two new shares could be subscribed for each five existing shares. The subscription period for the new TUI shares started on 2 September and ended on 15 September.
TUI AG will receive proceeds from the issue amounting to approx. € 1.0 billion. Following the capital increase, the subscribed capital of TUI AG is € 639,777,370.74, split into 250,259,155 no-par value shares.
Dr Michael Frenzel, CEO of TUI AG: We are pleased with the success of the rights offering, that shows the confidence of the capital markets in TUI and in our strategic positioning of the Group focusing on two core businesses, tourism and shipping. This capital increase gives us a strong basis for a successful development of our businesses in their growing markets.“
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Forward-looking statements
If we comment on forecasts or expectations in this announcement or if our statements relate to the future, these statements may be associated with known and unknown risks and uncertainties. Actual outcomes and developments may, therefore, deviate significantly from the expressed expectations and assumptions. In addition, the performance of financial markets and exchange rates as well as national and international law amendments, particularly with regard to tax regulations, may have an influence. Except as provided by law, the company assumes no obligation to update future statements.
For further information please contact:
Björn Beroleit, phone +49 511 566-1310
Nicola Gehrt, phone +49 511 566-1435