TUI AG Announces Major Shareholding Notification

TUI AG has disclosed a notification of major holdings as per Article 40, Section 1 of the WpHG, aiming for Europe-wide distribution. This announcement surfaced after BlackRock, Inc., based in New York, USA, adjusted its voting rights in TUI AG. The threshold was crossed on 13 March 2024, altering the landscape of TUI's shareholding structure.

The total positions now amount to 4.90% of voting rights directly attached to shares and 0.70% through financial instruments, summing up to a total of 5.60% of the company’s voting rights. This signifies a slight decrease from the previous notification which reported a total of 5.67% voting rights, combining direct and indirect holdings.

Among financial instruments, lent securities and contracts for difference (CFDs) played a major role. The detailed chain of controlled undertakings reflects BlackRock, Inc.'s intricate investment structure spanning multiple legal entities across various jurisdictions, yet emphasizing its significant influence in TUI AG’s shareholder makeup.

This strategic shift in BlackRock's holdings indicates a notable change, underlining the dynamics of shareholder compositions in large corporations like TUI AG. The announcement also outlines the extensive network of BlackRock subsidiaries involved in managing these shares, highlighting the complexity of modern investment landscapes.