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

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

13-Dec-2017 / 17:41 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TUI AG

PDMR Interest in shares

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 and Mr Wolfgang Flintermann, a member of the Company's Supervisory Board, as set out in the table below under its Long Term Incentive Plans.

The Awards were granted with retroactive effect to 1 October 2017 at a base price of EUR 14.60[1] per share.

Name of the PDMR

Corporate Body

Number of Awards

Friedrich Joussen

Executive Board

125,342

Horst Baier

Executive Board

10,274[2]

David Burling

Executive Board

63,014

Sebastian Ebel

Executive Board

63,014

Dr Elke Eller

Executive Board

52,740

Frank Rosenberger

Executive Board

52,397

Wolfgang Flintermann

Supervisory Board

8,219


The Awards were granted under the terms and conditions of the respective service contracts. The vesting of the Awards is depending on the performance criteria specified by the respective service contracts and the price of TUI AG shares.

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

Furthermore, the Company announces that Awards granted under its Executive Board Long Term Incentive Plan vested on 30 September 2017 and became payable on 12 December 2017 after the adoption of the annual accounts for the financial year 2016/17, as set out in the table below.

The Awards, which will be paid out in cash, vested at a value of EUR 14.60[3] per share.

Name of the PDMR

Corporate Body

Number of Awards

Friedrich Joussen

Executive Board

56,164

Horst Baier

Executive Board

53,743


The Awards vested and became payable in accordance with the terms and conditions of the respective service contracts.


[1] Average XETRA price of TUI AG shares over the 20 trading days prior to the date of grant.

[2] In addition to further 46,233 Awards received on 1 October 2017 (as announced on 5 October 2017).

[3] Average XETRA price of TUI AG shares over the 20 trading days prior to the date of vesting.



ISIN: DE000TUAG000, DE000TUAG281, DE000TUAG299
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.: 5017

 
End of Announcement EQS News Service

638763  13-Dec-2017 

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Quick facts: TUI AG

Price: 280.5

Market: LSE
Market Cap: £1.66 billion
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