TUI AG: Award of phantom shares under TUI AG's Long Term Incentive Plans
14 December 2017 - 3:41AM
UK Regulatory
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release.
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
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.: 5017
End of Announcement EQS News Service
638763 13-Dec-2017
(END) Dow Jones Newswires
December 13, 2017 11:41 ET (16:41 GMT)
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