Regulatory Story
Company TUI AG
Headline TUI AG: Award of phantom shares under TUI AG's Long Term Incentive Plans
Released 15:45 01-Oct-2019
Number 883645_en

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

01-Oct-2019 / 16:45 CET/CEST
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Regulatory Announcements

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

TUI AG (the "Company") announces that phantom share awards ("Awards") were granted to its members of the Executive Board as set out in the table below under TUI AG's Long Term Incentive Plans.

The Awards were granted with effect as of 1 October 2019 at a base price of EUR 9.87 per share. This share price equals the average XETRA price of TUI AG shares over a period of 20 trading days prior to the date of grant.

Name of the PDMR

Corporate Body

Number of Awards

Friedrich Joussen

Executive Board


Birgit Conix

Executive Board


David Burling

Executive Board


Sebastian Ebel

Executive Board


Dr Elke Eller

Executive Board


Frank Rosenberger

Executive Board


The Awards were granted in accordance with the terms of the respective service contracts and will vest and be paid in cash subject to (i) a TSR and an EPS performance target, respectively, determined over a 4-year performance period; and (ii) the share price at the date of vesting.

Category Code: DSH
LSE Ticker: TUI
LEI Code: 529900SL2WSPV293B552
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 21961
EQS News ID: 883645

End of Announcement EQS News Service

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