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TUI shareholders approve refinancing package
Friday, 05 Jan, 2021
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TUI’s shareholders have approved a €1.8 billion refinancing package at an Extraordinary General Meeting, which took place online today.
The package includes €1.09 billion of refinancing and a €509 million rights issue.
Shareholders were almost unanimously in favour of the move.
The reduction of share capital from €2.56 per share to €1 per share was approved by 99.59% of shareholders.
The subsequent capital increase of approximately €509 million was approved by 97.95% of shareholders.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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