BN91H14 – TUI AG DI E R 1 PRE-EM RT 12/04/23
The new TUI shares (following on from the reverse stock split) are fully listed and tradeable on the LSE on 30 March 2023 and will therefore be ISA qualifying shares.
TUI AG has implemented the 10-for-1 reverse stock split. The number of shares issued will decrease from approximately 1.785 billion to 178,520,585. The shares will be traded on the stock exchange from 24 February 2023 under the new securities identification number WKN: TUAG50 (ISIN: DE 000 TUAG50 5). This replaces the previous securities identification number WKN: TUAG00 (ISIN: DE 000 TUAG00 0). The conversion of the securities holdings does not affect trading in TUI shares and is carried out automatically by the custodian bank. The share price will automatically increase by a factor of 10.
A reverse stock split is a type of corporate action that consolidates the number of existing shares of stock into fewer (higher-priced) shares. A reverse stock split divides the existing total quantity of shares by a number such as five or ten, which would then be called a 1-for-5 or 1-for-10 reverse split, respectively. A reverse stock split is also known as a stock consolidation, stock merge, or share rollback and is the opposite of a stock split, where a share is divided (split) into multiple parts.
The capital reduction has no effect on the shareholders’ assets or their individual shares in the share capital of TUI AG. It is a purely accounting measure.
TUI AG TUI Stock | London Stock Exchange
TUI AG TUIB Stock | London Stock Exchange
Admission to Trading – 30/03/2023 – 08:00:02 30 Mar 2023 – News article | London Stock Exchange
TUI AG BZR (Subscription right) Equity | TUAG1E | DE000TUAG1E4 | Share Price (boerse-frankfurt.de)
2022-02-23-Share-consolidation_final.pdf-eceaa81b786945709f5d7e0e0bd95471.pdf (tuigroup.com)
TUI AG completes agreed reverse stock split at a ratio of 10 to 1 (tuigroup.com)
Reverse Stock Split: What It Is, How It Works, Examples (investopedia.com)