On the 12th of January 2021, TUI (TUI1) & TUI AG (TUI) commenced the subscription period of its rights issue as a part of their capital raise.
The requirement for participation in the rights issue by the TUI shareholders is as follows:
TUI (TUI1) Traded in EUR Rights Issue (Deutsche Börse Xetra)
For each existing share of TUI held before the market open on the 8th of January, its holders are entitled to 1 subscription right and 29 rights are required to subscribe for 25 New Shares. The offer is also applicable to all shareholders eligible for receiving at least 1 new share (based on the 25:29 ratio).
The price for subscription per share is: 1.07EUR
Newly issued shares will be allocated after the 29th of January 2021.
If you wish to subscribe, the amount needed will be deducted from your free funds immediately and held until the new shares are issued and distributed. If you decide not to participate, your rights will be sold on 20.01 at the market and the proceeds will be distributed shortly after to your account.
TUI AG (TUI) Traded in GBP Rights Issue (LSE)
For each existing 29 shares of TUI held before the market open on the 8th of January, its holders are entitled to 25 subscription rights and 1 right is required to subscribe for 1 New Shares. The offer is also applicable to all shareholders eligible for receiving at least 1 new share (Based on the 25:29 ratio)
The price for subscription per share is: 95.62p
Allocation of newly issued shares will happen after the 29th of January, and should you wish to subscribe, the amount needed will be deducted from your free funds immediately and held until the new shares are issued and distributed.
If you decide not to participate, your rights will be sold on 20th of January at the market and the proceeds will be distributed shortly after to your account.
*End of the subscription period is the end of day on 19th of January (for both).
*Once the decision is applied, the action is non-reversible.