Disclosure of information on dealings

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 IN TTP SHARES	PRE-TRANSFER ON 8 DECEMBER	POST-TRANSFER ON 8 DECEMBER
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 £200,000,000 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: [phone]

Email: [e-mail]

Ina Klose
Manager Investor Relations
Phone: [phone]

Email: [e-mail]

 

END

 

 

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