TUI shareholders vote to delist from London Stock Exchange

Friday, 14 Feb, 2024 0

TUI Group shareholders have voted in favour of ditching the company’s listing on the London Stock Exchange.

They voted by a large majority (98.35%) to delist from the LSE.

The next step will be the start of trading of the TUI share in the Prime Standard in Frankfurt at the beginning of April.

The share is expected to be admitted to the MDAX on June 24.

The listing on the London Stock Exchange will then also end.

Mathias Kiep, CFO of TUI Group: “We are pleased that TUI’s shareholders have followed our recommendation and voted in favour of the London Stock Market delisting.”

“Trading in TUI shares had already shifted to Germany to a large extent. The advantages of a main listing in Frankfurt are obvious: the structures are simplified, liquidity is centralised and improved in one trading venue.”

TUI had already been approached by various investors last year as to whether the dual stock exchange listing was still optimal.

In recent years, the ownership structure of TUI shares has changed significantly and there has been a marked shift in liquidity from the UK to Germany, it said.

Currently, around 77% of share transactions are settled directly via the German share register.

Less than a quarter of trading in TUI shares takes place in the form of UK depositary interests.

  

Related News Stories:  



Related News Stories:  TUI shareholders vote clearly in favour of Frankfurt Stock Exchange ...     Hypothetical Q: TUI.L delist, what happens to the shares? : r ...     TUI shareholders approve delisting from London Stock Exchange ...     European travel giant Tui will leave the London Stock Exchange ...     Tui investors vote to leave London Stock Exchange amid record ...     TUI Investors Vote to Ditch London Listing for Frankfurt - Bloomberg     Tui board recommends delisting from London Stock Exchange     TUI Group announces date for London shares delisting     Tui considers moving stock exchange listing from FTSE 100 to ...     Tui Says Auf Wiedersehen to London Listing | Morningstar    



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...