focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
like many of you I've also seen in the press that lockdown is due to be eased in the uk from 15-Feb again using the tiered system. Given that East Sunday is 04-April this year, with a little wind behind us I can certainly see those who have been vaccinated beginning to take tentative steps to go abroad. And it’s this demographic that tend to take packaged holiday offered by the likes of Tui.
Share prices rarely represent the mcap, trading is often emotional and there’s certainly an emotional need to get away this summer!
Hello - I went down the route of purchasing the RI (fingsers crossed) but i must adimist I'm not overerly familiar with Rights. As I understand it I can sell my rights up until COB on 21-Jan.
My question is, what happens if I dont sell my Rights? Do the simply expire and if so what happens the value?
11 January 2021
Further to the announcement on 7 January 2021, TUI AG (the Company) announces that it has finalised its application to the London Stock Exchange for the admission of 116,857,434 DI Pre-Emptive Rights to trading on a multilateral trading facility of the London Stock Exchange. The Company expects the admission to become effective tomorrow.
The Company intends to cancel the trading of the DI Pre-Emptive Rights on a multilateral trading facility of the London Stock Exchange (the Cancellation). It is expected that the Cancellation will take effect at 11:00 GMT on 22 January 2021.
All acceptances in respect of the DI Pre-Emptive Rights must be submitted so as to settle by no later than 10:00 GMT on 26 January 2021, in accordance with the instructions in the Prospectus (as defined below). The DI Pre-Emptive Rights will settle on a T+2 basis.
Unexercised DI Pre-Emptive Rights will lapse and will not be sold. The New Shares to which those unexercised DI Pre-Emptive Rights relate may be sold in the Rump Placement or pursuant to the Commitment and Backstop Agreement with Unifirm Limited, but shareholders or investors will not be entitled to receive any proceeds from such sale, including any premium, as such payment is restricted under the laws of Germany. Therefore, shareholders or investors who take no action will not receive any compensation for any unexercised Subscription Rights or DI Pre-Emptive Rights and will be diluted.
A prospectus (the Prospectus) setting out the full details of the Offering, including a full timetable of key dates, has been approved by the German Federal Financial Supervisory Authority (BaFin) and passported into the United Kingdom. The Prospectus is available on the Company's website (https://www.tuigroup.com/en-en/investors/capital-increase) as well as on the website of BaFin (www.bafin.de) and the website of the European Securities and Markets Authority (https://registers.esma.europa.eu/publication/). The information in this announcement should be read in conjunction with the Prospectus.
All capitalised terms used but not otherwise defined in this announcement including the important notices below have the meaning set out in the Prospectus.
REG-TUI AG TUI AG: Admission of Subscription Rights settled in the form of Depositary Interests ('DI Pre-Emptive Rights') and notice of intention to cancel trading of DI Pre-Emptive Rights - DGAP
11-Jan-2021 12:03:38============
TUI AG (TUI)
TUI AG: Admission of Subscription Rights settled in the form of Depositary
Interests ('DI Pre-Emptive Rights') and notice of intention to cancel
trading of DI Pre-Emptive Rights
11-Jan-2021 / 13:03 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR
FORWARDING WOULD BE UNLAWFUL. PLEASE READ THE IMPORTANT NOTICE AT THE END
OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS
OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL CONSTITUTE AN
OFFERING OF NEW SHARES OR OTHER SECURITIES. NEITHER THIS COMMUNICATION NOR
ANY PART OF IT SHALL FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH
OR ACT AS AN INDUCEMENT TO ENTER INTO ANY CONTRACT OR COMMITMENT
WHATSOEVER. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE,
SELL OR OTHERWISE DISPOSE OF ANY SECURITIES MUST BE MADE ONLY ON THE BASIS
OF THE INFORMATION CONTAINED IN THE PROSPECTUS OR THE INTERNATIONAL
OFFERING CIRCULAR.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING ANY
INVESTOR'S DECISION OR OPTIONS WITH RESPECT TO THE OFFERING (AS DEFINED
BELOW). THE PRICE AND VALUE OF SECURITIES OF THE COMPANY CAN GO DOWN AS
WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. THE
CONTENTS OF THIS ANNOUNCEMENT ARE NOT TO BE CONSTRUED AS LEGAL, BUSINESS,
FINANCIAL OR TAX ADVICE. EACH SHAREHOLDER OR PROSPECTIVE INVESTOR SHOULD
CONSULT HIS, HER OR ITS OWN INDEPENDENT LEGAL ADVISER, BUSINESS ADVISER,
FINANCIAL ADVISER OR TAX ADVISER FOR LEGAL, FINANCIAL, BUSINESS OR TAX
ADVICE.
TUI AG
Admission of Subscription Rights settled in the form of Depositary
Interests ("DI Pre-Emptive Rights") and notice of intention to cancel
trading of DI Pre-Emptive Rights
11 January 2021
Further to the announcement on 7 January 2021, TUI AG (the Company)
announces that it has finalised its application to the London Stock
Exchange for the admission of 116,857,434 DI Pre-Emptive Rights to trad
Hello - this may be a silly question, but how exactly do I purchase the rights issue? I have x amount in Tui ordinary shares on the LSE and appreciate that as a shareholder I'm eligible to purchase the Rights at a discounted rate. However when I search on Halifax I don’t see the option.
Appreciate any help, perhaps they are not available yet...???