TUI has accomplished its second rights providing this yr.
The gross proceeds quantity to round €1.1 billion.
The corporate share capital will thus be elevated nominally by round €524 million euros to only beneath €1.6 billion.
The proceeds from the capital improve will likely be used to scale back the drawings on the KfW credit score line and the banks’ money facility (RCF).
Through the subscription interval from October 8-26, present shareholders have been capable of train their subscription rights and subscribe to new shares at a ratio of 10:21 for €2.15 per share.
Some 97.7 per cent of the subscription rights have been exercised.
As introduced, anchor shareholder Unifirm of the Mordashov household exercised the subscription rights in full.
Unifirm additionally acquired further shares out there and a part of the unsubscribed shares and elevated its stake in TUI AG from 32 per cent to round 33 per cent.
The unsubscribed shares subsequently went in full to certified traders in a rump placement, a part of which went to Unifirm of the Mordashov household.