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    TUI1   DE000TUAG000

TUI AG

(TUI1)
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TUI : Non-binding convenience translation from German of the notification published in the German Federal Gazette (Bundesanzeiger) on 01 July 2021

07/02/2021 | 11:16am EDT

TUI AG Hanover and Berlin

Notification on the issue of convertible bonds with exclusion of subscription rights in accordance with Section 49 (1) sentence 1 no. 2 German Securities Trading Act(Wertpapierhandelsgesetz)

The annual general meeting of TUI AG authorized the executive board by resolution dated 25 March

2021 under agenda item 7 to issue, with the consent of the supervisory board, bearer or registered convertible bonds, bonds with warrants, profit-participation rights or participating bonds (or

combinations of these instruments) (hereinafter collectively referred to as 'Bonds') once or several

times with a total nominal amount of up to EUR 2,000,000,000.00 until and including 24 March 2026

and to grant holders and creditors of the Bonds conversion or warrant rights to shares in the

Company representing a pro rata amount of the share capital of up to EUR 109,939,363.00, in

accordance with the terms and conditions of the Bonds or to attach conversion or warrant

obligations to these Bonds (hereinafter the 'Authorization').

As announced in the German Federal Gazette (Bundesanzeiger) on 14 April 2021, TUI AG issued -

with partial use of this Authorization - 4,000 convertible bonds with a nominal amount of EUR

100,000.00 each, thus with a total nominal amount of EUR 400,000,000.00, the conversion rights

grant up to 74,583,729 shares with a proportionate amount in the share capital of EUR 1.00 each

(hereinafter the 'Convertible Bond 2021').

Again using this Authorization, the transaction committee of the executive board, authorized by the

resolution of the executive board of 25 June 2021, resolved on 28 June 2021 with the approval of

the supervisory board of 25 June 2021 a tap issuance of the Convertible Bond 2021 and to issue

further 1,896 convertible bonds with a nominal amount of EUR 100,000.00 each, thus with a total

nominal amount of EUR 189,600,000.00, granting conversion rights to up to 35,352,687 shares with

a proportionate amount in the share capital of EUR 1.00 each, and that statutory subscription rights

of the shareholders were excluded in compliance with the detailed provisions of the Authorization

and with the legal requirements in accordance with Section 186 (3) sentence 4 German Stock

Corporation Act (Aktiengesetz).

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 5 652 M 6 592 M 6 592 M
Net income 2021 -2 212 M -2 580 M -2 580 M
Net Debt 2021 6 274 M 7 317 M 7 317 M
P/E ratio 2021 -1,63x
Yield 2021 -
Capitalization 2 974 M 3 463 M 3 469 M
EV / Sales 2021 1,64x
EV / Sales 2022 0,49x
Nbr of Employees 46 518
Free-Float 42,2%
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Mean consensus SELL
Number of Analysts 9
Last Close Price 2,71 €
Average target price 2,64 €
Spread / Average Target -2,30%
EPS Revisions
Managers and Directors
Friedrich Peter Joussen Chief Executive Officer
Sebastian Ebel Chief Financial Officer
Dieter Zetsche Chairman-Supervisory Board
Frank Rosenberger Chief Information Officer & Head-Future Markets
Hilka Schneider Group Director-Legal, Compliance & Board Office
Sector and Competitors