Tourexpi
CFO Mathias Kiep: “TUI will be home in the MDAX
again. This will strengthen the liquidity of the share on one stock exchange.
At the same time, we are increasing the visibility and attractiveness of our
share for our international investors.”
TUI also moves up to STOXX Europe 600
The TUI AG shares will again be included in the
MDAX on the Frankfurt Stock Exchange as of 24 June 2024. According to the index
provider ISS STOXX, TUI meets the free-float market capitalisation criterion.
The tourism group is thus returning to the German share index after around nine
years.
CFO Mathias Kiep: “We want to grow successfully,
sustainably and profitably and TUI should remain an attractive long-term
investment for current and new shareholders. With the listing in the MDAX, we
are putting a clear focus on one stock exchange listing – instead of two
previously. This increases the visibility and attractiveness of our share for
investors. Our shareholders voted by a large majority in favor of changing the
dual listing structure – we are now successfully completing this step with our
inclusion in the MDAX. The UK market remains one of TUI's key markets, and the
change of listing from London to Frankfurt does not change this.”
On 4 June, it was also announced that the tourism
group's shares will be included in the European STOXX Europe 600 Index.
Contrary to the original plan, the British index provider FTSE Russell is no
longer including the TUI share in the FTSE250 Index since 3 June. However, the
listing and trading on the London Stock Exchange remain unaffected. The last
trading day of TUI on the London Stock Exchange is 21 June 2024.
Image
Credit: © TUI Group
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