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

eqs_en 
0 0 01.10.19
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

01-Oct-2019 / 16:45 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

TUI AG

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

185,410

Birgit Conix

Executive Board

93,212

David Burling

Executive Board

93,212

Sebastian Ebel

Executive Board

93,212

Dr Elke Eller

Executive Board

88,146

Frank Rosenberger

Executive Board

77,508


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.
ISIN: DE000TUAG000
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.: 21961
EQS News ID: 883645

 
End of Announcement EQS News Service

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Tui AG Stock

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-2.630%
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With a target price of 8 € there is a slightly positive potential of 18.62% for Tui AG compared to the current price of 6.74 €.
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