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TUI Group announces date for London shares delisting
TUI AG shares will be removed from the London Stock Exchange in two weeks.
LSE trading of TUI shares will end at close of business on 21 June 2024 and shares will then be included in the MDAX on the Frankfurt Stock Exchange as of 24 June 2024.
This sees the tour operator group return to the German share index after nine years.
CFO Mathias Kiep said: “With the listing in the MDAX, we are putting a clear focus on one stock exchange listing.”
This increases the visibility and attractiveness of our share for investors. Our shareholders voted by a large majority in favour of changing the dual listing structure.”
“The UK market remains one of TUI’s key markets, and the change of listing from London to Frankfurt does not change this.”
The last trading day of TUI on the London Stock Exchange is 21 June 2024.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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