TUI AG Announces Major Shareholding Notifications Under German Securities Trading Act

TUI AG, based in Hannover, Germany, has officially released information regarding significant changes in shareholdings as mandated by the German Securities Trading Act. The announcement dated 10-Apr-2024 pertains to transactions that resulted in the alteration of ownership percentages. Notably, this includes both acquisitions and disposals of shares and voting rights, alongside changes due to financial instruments.

Paris-based Société Générale S.A. is identified as the party with changed holdings, having passed the notification threshold on 03 Apr 2024. The notification disclosed a new total voting rights share of 5.71% in TUI AG, increased from 0%, with 0.84% of voting rights attached to shares and 4.87% through financial instruments. These instruments range from convertible bonds and certificates to various options and warrants, indicating a diverse strategy in the acquisition of voting rights.

The filing detailed the specific types of instruments involved and their respective percentages, showcasing a complex web of financial tools employed by Société Générale to adjust their stake in TUI AG. This strategic move by Société Générale reflects its investment strategy and interest in the tourism giant TUI AG, amidst the dynamic regulatory and market environment.