TUI AG Announces Changes in Major Holdings

On March 14, 2024, TUI AG, based in Hannover, Germany, disclosed major changes in shareholding, adhering to Article 40, Section 1 of the WpHG. The announcement focuses on the acquisition and disposal of shares and voting rights, alongside other voluntary group notifications at the subsidiary level, involving The Goldman Sachs Group, Inc.

The notification reveals that The Goldman Sachs Group, Inc., has experienced a change in its holdings in TUI AG as of March 8, 2024, reaching a new total of 5.57% voting rights when combining direct shares and other financial instruments. This is an increase from their previous total of 5.44%, showing a minor uptick in Goldman Sachs' investment in TUI. The detailed report includes a breakdown of direct voting rights and rights through financial instruments, with a noticeable shift in figures.

Among the financial instruments, the notification lists types such as Right To Recall, Convertible Bonds, Call Warrants, and Call Options, highlighting their respective contributions to the overall percentage of Goldman Sachs' holdings in TUI AG. This update on shareholder structure might influence TUI AG’s strategic directions and investor relations.