RE: 7 days to takeoff9 Feb 2023 07:12
Passion killer is happening. See Tui site.
Why shall a capital reduction / consolidation of shares be implemented prior
to the capital increase?
In the event of capital increases with subscription rights, the newly issued shares to be subscribed
for are offered with market standard discounts on the stock market price. Such price may, however,
not fall below the proportional value of each share (nominal value) in the share capital of the
company (in the case of TUI € 1.00). As the stock market price of the TUI share is currently close to
such minimum subscription price, a capital increase with subscription rights is currently almost
impossible. As a result of the share consolidation with a ratio of ten to one, the stock market price of
the TUI share will be increased accordingly and will thus result in a situation where the raising of
new share capital is possible, see also “How will the share price change as a result of the share
consolidation?”.