TUI Share Rights offering

📊 Investing
1

Hi there
Will the TUI share rights offering be offered the the TUI shares held on the LSE or just those held in € on the German exchange? I’ve had an email about the offering on the German exchange but not LSE. Thanks.

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2

Hey @CirensOC :wave:

This particular rights issue is only for the TUI AG listed on Xetra.

3

Oh dear. That’s a shame as the UK stock has dropped 15% today as well. Will this rights offer not be offered to the LSE stocks???

4

Hi all, I would like to hear more about this too, hold tui AG lse, and wondering if we will be issued the rights to to buy at €2.15 and when chart will reflect this rights issue, many thanks :blush:.

5

@B.E i don’t think that is correct. I have a friend who holds via Hargreaves Landsdown and they have contacted him and confirmed dates etc for rights issue. Please can you check and confirm participation for 212 customers?

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6

I’ve also read on message boards that the offering is being made for people with shares held on LSE. I can’t believe this wouldn’t be the case.

7

Just been on the chat with them, and should find out today, personnel I can’t see any reason why we wouldn’t be offered this and the chart should reflect the change after this.

8

I think the chart already reflects this! Lol

9

Check the investor relations website of the company and you’ll find all the details.

10

Hey, everyone :wave:

Please, allow me to elaborate:

  • The offer that we sent out on Friday, was indeed only for the Xetra listing.
  • As of this moment, we’re still awaiting further information from our intermediary on how they plan to handle the event on the LSE.

I’ll get back to you a little later throughout the day with an update regarding the matter.

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11

Thanks @B.E the window runs for a little while yet so look forward to the update

12

I can’t for the life of me understand why the rights issue won’t be issued for LSE share holders. Its a dual listed stock. All share holders have the same rights as the XETRA

14

Afternoon, community!

I’m glad to inform you that ultimately we will be able to administer the event. :hammer_and_pick:

We’ll be sending out participation offers for TUI’s rights issue on the LSE to everyone eligible in the upcoming days.

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15

@B.E That is great. Thanks for confirming

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16

That is great news! Thank you for the update

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21

I just got my proceeds from the rights issue sold at market as I didnt take action and Trading212 is telling me they were sold at 43p per share… isnt that far below market price?

22

It does seem a bit low to me. Price for subscribers should be 182.34537p, and current share price is 239.43p. Difference 57p. I’m still waiting for my allocation to be done after 02 Nov, so hopefully in the next day or so. Could it be that a different price applies if you didn’t subscribe?

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23

Yeh @B.E when do we get our shares from subscription please? Should have been today?

24

As you all know, rights are tradeable. The price at which the rights are trading is different from the market pricе.

It’s calculated, when you deduct the subscription price for the rights issue from the stock’s market price at the time of sale, in this case - the 20th of Oct around 1 pm UK time.

Earlier today we distributed the due shares, with reference to the Xetra listing. We’ll distribute the due shares from the rights issue on the LSE by the beginning of next week at the latest.

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25

Just for understanding sake, why the difference in the distribution date between Xetra and LSE ?

I bought mine on LSE within my ISA so keen to understand