TUI launches capital increase, reduces government financing

TUI has launched a new capital increase against cash contributions excluding shareholders’ subscription rights. TUI intends to issue up to 162,291,441 new no-par value ordinary registered shares corresponding to approximately up to 10% of the company’s share capital. The New Shares will carry dividend rights as from 1 October 2021. The number of New Shares and the placement price per New Share will be determined on the basis of an accelerated bookbuilding which has already started. The New Shares will be exclusively offered for sale to institutional investors as part of an international private placement. TUI intends to use the