TUI AG Reports Changes in Major Holdings Triggered by Goldman Sachs Group Activities

TUI AG announced on March 21, 2024, a significant notification regarding changes in major shareholdings as mandated by the German Securities Trading Act, aiming for a Europe-wide dissemination. This announcement pertains particularly to the acquisition and disposal of shares and instruments by The Goldman Sachs Group, Inc., which triggered a voluntary group notification due to a change at the subsidiary level. The notification concentrates on the variations in voting rights associated with shares and through financial instruments as of March 14, 2024.

The Goldman Sachs Group, Inc., with its registered office in Wilmington, DE, United States, has altered its holdings in TUI AG, crossing the notification threshold. The details reveal a decrease in voting rights directly attached to shares to 0.04%, while rights through instruments accounted for a total of 5.29%, bringing the aggregate to 5.33%. This marks a noteworthy change from previous notifications which indicated an aggregate voting right of 5.57%.

Instrument types impacting these figures range from Rights to Recall, Rights of Use, various Call Options to Convertible Bonds, and Swaps, affecting TUI AG's total voting rights. The notification does not only outline the current holdings post-threshold crossing but also emphasizes the intricate chain of controlled undertakings under The Goldman Sachs Group, Inc. This report reflects the dynamic nature of major shareholdings within TUI AG, underscoring the critical role of comprehensive shareholder disclosures in regulatory compliance and market transparency.