RE: Halifax Share DealingToday 09:45
Transfer to the Frankfurt Stock Exchange (Frankfurt) and Cancellation of Listing on the London Stock Exchange (LSE).
The Termination of the TUI AG DI Ordinary shares (TUI) Depository Interest facility will take place on 21st June 2024, the delisting of TUI shares on the LSE will take place on 24th June 2024.
We will stop trading in TUI shares on the LSE at 4.30pm (close of market) on 15th May 2024 to enable us to transfer your holding from the UK settlement system to our International Custodian.
If you DO NOT wish your TUI shares to be transferred, you must sell by 4.30pm 15th May 2024.
On 4th January 2024, TUI announced a proposal to remove its dual listing by cancelling on the London Stock Exchange (LSE) and moving all trading to Frankfurt.
The Admission to the Frankfurt Exchange became effective on 8th April 2024. We will start trading in TUI shares on the Frankfurt Exchange on 16th May 2024. You will not be able to sell your existing TUI shares on Frankfurt until our transfer process has completed. We are transferring your shares to Frankfurt as any TUI shares not transferred before the termination date will be sold by Link Registrars.
Before the Cancellation on the LSE, we will convert your TUI Depositary Interests to the underlying Ordinary Shares and transfer them to our International Custodian. This will allow you to continue trading in your TUI shares on the Frankfurt Exchange. Due to the international transfer process, we are not accepting any broker requests to transfer out TUI shares until the movement to our International Custodian has been completed.
We expect the transfer process to take several days. During which time you will not be able to sell your existing TUI shares. We will write to you again when the transfer has been completed and your account has been updated. You will then be able to make transfers and sell your shares.
The TUI shares will continue to be eligible to be held within an ISA or SIPP following the transfer to Frankfurt.
International shares are not eligible for Regular Investments or Dividend Reinvestment. If you have a Regular Investment on TUI shares this will be cancelled before completion of the transfer. Any current TradePlans will also be cancelled, and charges refunded. The only TradePlan eligible for international shares is a 1-day limit order.
As the TUI shares will be transferred to Frankfurt, they are no longer eligible to be held within a ShareBuilder account. If you hold TUI shares in a ShareBuilder, we will transfer the shares to your ShareDealing Account. If you do not have a share Dealing account, we will open one for you. No fractions of shares will be transferred. Fractional shares will be sold, and a fractional payment made.
Following completion of the move to Frankfurt, you will be subject to our International Trading Model. All details, including Dealing Charges, FX Charges and TradePlans Policy, can be found on our website.
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