UK markets closed
  • FTSE 100

    7,234.03
    +26.32 (+0.37%)
     
  • FTSE 250

    22,984.24
    +123.85 (+0.54%)
     
  • AIM

    1,229.10
    +4.02 (+0.33%)
     
  • GBP/EUR

    1.1848
    +0.0063 (+0.53%)
     
  • GBP/USD

    1.3751
    +0.0074 (+0.54%)
     
  • BTC-GBP

    44,213.30
    -619.95 (-1.38%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     
  • S&P 500

    4,471.37
    +33.11 (+0.75%)
     
  • DOW

    35,294.76
    +382.20 (+1.09%)
     
  • CRUDE OIL

    82.66
    +1.35 (+1.66%)
     
  • GOLD FUTURES

    1,768.10
    -29.80 (-1.66%)
     
  • NIKKEI 225

    29,068.63
    +517.70 (+1.81%)
     
  • HANG SENG

    25,330.96
    +368.37 (+1.48%)
     
  • DAX

    15,587.36
    +124.64 (+0.81%)
     
  • CAC 40

    6,727.52
    +42.31 (+0.63%)
     

TUI AG: Allocation of phantom shares under TUI AG's Long Term Incentive Plans

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

TUI AG (TUI)
06-Oct-2021 / 17:24 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

 

TUI AG

Regulatory Announcements

Allocation of phantom shares under TUI AG's Long Term Incentive Plans

TUI AG (the "Company") announces that phantom shares ("Phantom Shares") were allocated to the members of the Executive Board set out in the table below under TUI AG's Long Term Incentive Plan.

The Phantom Shares were automatically allocated in accordance with the terms of the individual's respective service agreements and the vesting and payment of the Phantom Shares is conditional on (i) an EPS performance target, determined over a 4-year performance period; (ii) the share price at the date of vesting; and (iii) the remuneration restrictions resulting from the second framework agreement on the granting of stabilization measures ("Framework Agreement II") concluded by TUI AG with the Economic Stabilization Fund ("Fund") on 4 January 2021. Upon expiry of the 4-year performance period, the Supervisory Board will determine whether the conditions have been satisfied and a possible claim to a payment in respect of the Phantom Shares arises.

The Framework Agreement II stipulates that the Executive Board members (including any Group remuneration in the event of dual employment, including at a Group company that is not a material Group company) may not be granted (and thus may not be constituted) bonuses, other variable or comparable remuneration components as long as the Company makes use of the overall stabilization measures of the Fund.

The Phantom Shares were allocated on 1 October 2021 at a base price of EUR 3.62 per share. This share price equals the average XETRA price of TUI AG shares over a period of 20 trading days before the date of allocation.

Name of the PDMR

Corporate Body

Number of allocated Phantom Shares

Friedrich Joussen

Executive Board

505,525

David Burling

Executive Board

254,144

Sebastian Ebel

Executive Board

254,144

Peter Krueger

Executive Board

211,326

Sybille Reiß

Executive Board

211,326

Frank Rosenberger

Executive Board

211,326

Dr Elke Eller1)

Executive Board

9,346

 


ISIN:

DE000TUAG000

Category Code:

DSH

TIDM:

TUI

LEI Code:

529900SL2WSPV293B552

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

123754

EQS News ID:

1238621


 

End of Announcement

EQS News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting