TUI AG: Participation in an employee share purchase program
April 04 2017 - 7:49AM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
TUI AG / Director/PDMR Shareholding*
TUI AG: Participation in an employee share purchase program
04-Apr-2017 / 13:48 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*TUI AG*
*PDMR Interest in Shares*
*Participation in an employee share purchase program*
TUI AG ('the Company') announces that Mrs Anette Strempel, Mr Ortwin
Strubelt and Mr Wolfgang Flintermann, all members of the Company's
Supervisory Board (employee representatives), have signed up for their
participation in the Company's employee share purchase program of the
Financial Year 2016/17 in their capacity as employees of a participating
group company.
Respectively, Mrs Anette Strempel, Mr Ortwin Strubelt and Mr Wolfgang
Flintermann each committed itself under the Company's employee share
purchase program to invest a monthly amount of 500 EUR ('investment amount')
in the purchase of the Company's shares during an investment period of 4
months. Thus, the total amount sums up to 2.000 EUR per participant. The
investment amount is deducted from the participant's salary.
During the investment period the decision on the participation and the
investment amount is generally irrevocable and irreversible. The investment
amount is converted into virtual shares each month during the investment
period. This will be done based on the arithmetic average price of the
Company's shares in XETRA (or in a comparable succeeding trade system)
trading on the Frankfurt Stock Exchange during the last five trading days of
the month in which the salary is deducted (reference price) provided with a
20% discount. At the end of the investment period the total amount of
virtual shares is determined. After the execution of a respective Company's
capital increase the total amount of virtual shares will be converted into
the corresponding number of the Company's shares and will be booked to a
custody depot. These shares are thereafter subject to a lockup period of two
years. During this time they are entitled to dividends, whereby the dividend
after corresponding conversion will also be paid in shares which will be
acquired by the Company or on its behalf at the capital market. After the
lockup period has ended, for every three held shares one further share will
be granted (so called matching share), which will be acquired by the Company
or on its behalf at the capital market.
04 April 2017
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: TUI AG
Karl-Wiechert-Allee 4
30625 Hannover
Germany
Phone: +49 (0)511 566-1425
Fax: +49 (0)511 566-1096
E-mail: Investor.Relations@tui.com
Internet: www.tuigroup.com
ISIN: DE000TUAG000, DE000TUAG281, DE000TUAG299
WKN: TUAG00 , TUA G28, TUA G29
Listed: Regulated Market in Hanover; Regulated Unofficial Market in
Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
Exchange; Open Market in Frankfurt; London
Category Code: DSH
TIDM: TUI
LEI Code: 529900SL2WSPV293B552
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 4028
End of Announcement EQS News Service
561739 04-Apr-2017
(END) Dow Jones Newswires
April 04, 2017 07:49 ET (11:49 GMT)
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