Proposed Reduction of Nominal Value and Capital Increase and Proposed Approval of Convertible Silent Participation
14 December 2020
On 2 December 2020 TUI AG (the Company) announced it had agreed a €1.8 billion financing package (the Financing Package) with the German Economic Support Fund (Wirtschaftsstabilisierungsfond) (the WSF), Unifirm Limited, a syndicate of underwriting banks and KfW to enable the Company to improve its liquidity position, repay indebtedness and meet its general capital requirements.
The Company has today published a circular (the Circular) containing a notice of an extraordinary general meeting (the General Meeting) for shareholders to consider, and if thought fit, approve resolutions relating to the Company s share capital and the grant of instruments with conversion or subscription rights to shares in the Company in connection with the Financing Package.