TUI AG: Release of a capital market information (1235720)
September 23 2021 - 1:12PM
UK Regulatory
TUI AG (TUI) TUI AG: Release of a capital market information
23-Sep-2021 / 19:11 CET/CEST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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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, 23 September 2021
The Executive Board of TUI AG, having its corporate seat in
Hanover and Berlin, ISIN: DE000TUAG000, has resolved to buy back up
to 317,171 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 on 24 September 2021 for
a maximum total purchase price of EUR 1,457,000.00 (without
transaction costs). The 317,171 shares to be purchased would result
in an estimate total purchase volume of EUR 1,165,603.43 (without
transaction costs) on the basis of share price of EUR 3.675 (Xetra
closing price of 22 September 2021).
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
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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.: 122906
EQS News ID: 1235720
End of Announcement EQS News Service
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