TUI raises €1.1bn in latest rights offer


TUI has accomplished its second rights providing this 12 months.

The gross proceeds quantity to round €1.1 billion.

The firm share capital will thus be elevated nominally by round €524 million euros to only underneath €1.6 billion.

The proceeds from the capital improve will likely be used to cut back the drawings on the KfW credit score line and the banks’ money facility (RCF).

During the subscription interval from October 8-26, current 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 extra 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 buyers in a rump placement, a part of which went to Unifirm of the Mordashov household.



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