TUI AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Euro... (1159507)

 
 TUI AG (TUI) 
TUI AG: Release according to Article 40, Section 1 of the WpHG [the German 
Securities Trading Act] with the objective of Europe-wide distribution 
 
08-Jan-2021 / 18:35 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
*Notifying Parties:* 
 
Alexey A. Mordashov 
 
Kirill A. Mordashov 
 
Nikita A. Mordashov 
 
Severgroup Limited Liability Company 
 
Rayglow Limited 
 
*Issuer:* TUI AG, Hannover, Germany 
 
On 9 December 2020, Mr. Alexey A. Mordashov, Mr. Kirill A. Mordashov and Mr. 
Nikita A. Mordashov notified the Issuer and the German Federal Financial 
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) 
pursuant to Section 33 para. 1 of the German Securities Trading Act 
(Wertpapierhandelsgesetz; WpHG) that their voting rights and the voting 
rights of the other Notifying Parties in the Issuer exceeded the threshold 
of 20% on December 9, 2020 and amounted to 24.89 % (this corresponds to 
146,963,612 voting rights) in the Issuer as per this date. 
 
The reason for their notification of crossing of the 20% threshold is that 
Mr. Alexey A. Mordashov, Mr. Kirill A. Mordashov and Mr. Nikita A. Mordashov 
have entered into a shareholders' agreement in respect of Unifirm Limited's 
holding of 24.89% of the voting shares in the Issuer. Each of Mr. Kirill A. 
Mordashov and Mr. Nikita A. Mordashov hold 50% of the voting shares in 
KN-Holding Limited Liability Company, which in turn holds 65% of the voting 
shares in Unifirm Limited, and Mr. Alexey A. Mordashov indirectly holds 35% 
of the voting shares in Unifirm Limited. 
 
Against this background, the Notifying Parties hereby notify the Issuer 
pursuant to Section 43 para. 1 WpHG of the following: 
 
*I. Aims Underlying the Acquisition of the Voting Rights (Section 43 para. 1 
sentence 3 WpHG)* 
 
1. The investment is aimed at implementing strategic objectives. 
 
2. The Notifying Parties are planning to indirectly acquire further voting 
rights in the Issuer in the course of the upcoming rights issue of the 
Issuer. If market conditions permit and depending on the development of the 
share price, the Notifying Parties may decide to acquire further voting 
rights in the Issuer within the next twelve months by means of an 
acquisition or by any other means. 
 
3. The Notifying Parties do not intend to exert an influence on the 
appointment or removal of members of the Issuer's management board or 
supervisory board, other than by exercising the voting rights held by 
Unifirm Limited in the ordinary course of elections of members of the 
supervisory board in the general meeting. 
 
4. The Notifying Parties do not pursue a material change in the Issuer's 
capital structure, including as regards the ratio between equity and debt 
financing and the dividend policy. 
 
*II. Origin of the Funds Used (Section 43 para. 1 sentence 4 WpHG)* 
 
The voting rights were acquired by way of the conclusion of a shareholders' 
agreement and therefore did not require the use of any funds. 
 
ISIN:           DE000TUAG000 
Category Code:  HOL 
TIDM:           TUI 
LEI Code:       529900SL2WSPV293B552 
OAM Categories: 2.3. Major shareholding notifications 
Sequence No.:   91134 
EQS News ID:    1159507 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

January 08, 2021 12:35 ET (17:35 GMT)

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