TUI AG Announces Major Holdings Notification

TUI AG disclosed a significant update concerning its major shareholding situation as mandated under Article 40, Section 1 of the WpHG, intending for a broad distribution across Europe. This announcement, released on 12 March 2024, centers on a notification of major holdings specifically involving The Goldman Sachs Group, Inc., based in Wilmington, DE, USA. The notification follows a voluntary group notification triggered by a subsidiary-level threshold.

The update reveals a crossing of the threshold on 06 March 2024, where Goldman Sachs’ total voting rights in TUI AG adjusted. The total positions now stand at 0.08% voting rights attached to shares and 5.29% through instruments, summing up to 5.37% of TUI AG's total voting rights. This is a slight change from the previous notification of 5.49% total voting rights. Notably, the instruments include rights to recall, call warrants, call options, convertible bonds, put options, and swaps holding various expiration or maturity dates.

The details underscore the complex structure of the holdings, involving several layers of control within The Goldman Sachs Group, Inc. This disclosure not only adheres to regulatory requirements but also provides transparency regarding the shareholding structure of one of the prominent figures in the financial market.