TUI AG Notifies Of Major Shareholding Changes Involving Goldman Sachs Group

On April 4, 2024, TUI AG announced significant adjustments in its shareholding structure, specifically detailing changes related to The Goldman Sachs Group, Inc. The announcement, mandated under Article 40, Section 1 of the WpHG [the German Securities Trading Act], aims at ensuring Europe-wide distribution of this critical financial information.

The motive behind the notification is the acquisition and disposal of shares with voting rights and instruments by The Goldman Sachs Group, Inc., marking a notable shift in ownership details affecting TUI AG. This development took place on March 29, 2024, leading to a novel composition of the company’s major holdings.

From the latest reports, these adjustments have resulted in The Goldman Sachs Group, Inc. holding a combined total of 5.48% of TUI AG’s voting rights, stemming from both shares and various financial instruments. Notably, the shares directly provide 1.01% of the voting rights, while the remaining 4.47% comes from different instruments such as rights to recall, use rights, call options, call warrants, convertible bonds, put options, and swaps.

This disclosure not only adheres to the legal requirements for transparency in shareholding structures but also subtly influences the market's understanding of TUI AG's financial dynamics and investor relationships.