TUI shareholders to decide on future stock exchange listing - TravelMole


TUI shareholders to decide on future stock exchange listing

Friday, 05 Jan, 2024 0

TUI AG will put its stock exchange listing future in the hands of shareholders during its next Annual General Meeting.

The company has proposed to delist from the London Stock Exchange and upgrade its secondary listing in Frankfurt.

The Frankfurt Stock Exchange listing would be upgraded to the “Prime Standard” market segment with inclusion in the MDAX.

TUI is asking its shareholders to decide on this at the AGM on 13 February 2024.

TUI says it was approached by certain investors as to whether the current dual stock exchange listing is necessary.

They say a MDAX listing only would be more advantageous for TUI.

In recent years over three-quarters of share transactions are conducted directly through the German share register.

Mathias Kiep, CFO of TUI: “Following the successful merger of TUI AG and TUI Travel PC at the end of 2014, the dual stock exchange listing was the right decision and offered many advantages.”

“In the meantime, the majority of our share’s liquidity has migrated to Germany.”

“Terminating the listing in London would offer clear advantages for investors and the company:”

Subject to approval by TUI shareholders, trading in the Prime Standard market segment in Frankfurt would commence around 8 April 2024.

The delisting from the LSE would take place in June 2024.



 

profileimage

TravelMole Editorial Team

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.



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari