TUI AG Announces Major Holdings Notification Following Regulatory Compliance

TUI AG has reported a significant update according to the German Securities Trading Act (WpHG), detailing changes in major holdings that have implications for its voting rights and share distribution. As of 28 February 2024, this notification encompasses amendments due to acquisitions and disposals of shares with voting rights, and other changes resulting from voluntary group notifications at the subsidiary level.

The notification centers around The Goldman Sachs Group, Inc., based in Wilmington, DE, USA, which has experienced fluctuations in its holdings. Specifically, the total voting rights through shares have reportedly decreased slightly from 0.30% to 0.25%, whereas voting rights through instruments have seen an increase from 5.27% to 5.47%. Consequently, the combined total voting rights and instruments for The Goldman Sachs Group, Inc. have risen to 5.72% of TUI AG’s available voting rights, totaling 507,431,033.

Details of the adjustments in voting rights attached to shares and through various instruments such as right to recall, call options, and convertible bonds were delineated, providing insights into the intricate financial instruments affecting TUI AG's voting rights landscape. Moreover, The Goldman Sachs Group, Inc. has disclosed a full chain of controlled undertakings, reflecting a structured approach to managing its stakes in TUI AG.