TUI AG Disclosure of information on dealings (1738Z)
08 Dicembre 2014 - 6:03PM
UK Regulatory
TIDM0NLA TIDMTT.
RNS Number : 1738Z
TUI AG
08 December 2014
Not for release, publication or distribution, in whole or in
part, in or into or from any jurisdiction where to do so would
constitute a violation of the relevant laws OR REGULATIONS of such
jurisdiction
For Immediate Release
8 DECEMBER 2014
disclosure of information on dealings by TUI AG in TUI travel
plc SHARES
As disclosed by TUI AG in its Public Opening Position Disclosure
made under Rules 8.1 and 8.2 of the Takeover Code on 10 July 2014,
TUI AG was interested in 609,120,138 ordinary shares of 10 pence
each in the share capital of TUI Travel plc (TTP Shares). Also as
disclosed, 86,967,049 of those 609,120,138 TTP Shares were legally
owned by Deutsche Nominees Limited pursuant to a financing
arrangement with Deutsche Bank AG disclosed on page 88 of the TUI
AG Annual Report 2012/13 and in the TR-1 notification to the UK
Financial Conduct Authority dated 7 October 2014. Under that
financing arrangement TUI AG had control over the voting rights
over those 86,967,049 TTP Shares and held the economic benefit of
dividends and other returns on those TTP Shares.
On 8 December 2014, those 86,967,049 TTP Shares were transferred
from Deutsche Nominees Limited to TUI AG, following partial early
settlement of the relevant financing arrangement.
The total number of TTP Shares over which TUI AG controls the
voting rights remains unchanged, being 609,120,138 TTP Shares,
representing 50.03 per cent. of the total number of TTP Shares
currently in issue.
The table below shows TUI AG's interests in TTP Shares before
and after the transfer on 8 December 2014:
INTERESTS OF TUI AG PRE-TRANSFER ON 8 DECEMBER POST-TRANSFER ON 8 DECEMBER
IN TTP SHARES
--------------------------- --------------------------- ----------------------------
Beneficial ownership 522,153,089 609,120,138
--------------------------- --------------------------- ----------------------------
Control over voting
rights (via arrangements
with Deutsche Bank) 86,967,049 0
--------------------------- --------------------------- ----------------------------
Total 609,120,138 609,120,138
--------------------------- --------------------------- ----------------------------
TUI AG also remains interested in GBP200,000,000 TUI Travel plc
4.90% Convertible Bonds due April 2017, which remain subject to the
financing arrangement with Deutsche Bank AG described above.
For further information please contact:
Nicola Gehrt
Head of Investor Relations
Phone: +49 (0)511 566-1435
Email: nicola.gehrt@tui.com
Ina Klose
Manager Investor Relations
Phone: +49 (0)511 566-1318
Email: ina.klose@tui.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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