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.
