Tui Group has officially confirmed the date for its departure from the London Stock Exchange, consolidating its shares solely in Frankfurt.
- The final trading day on the London Stock Exchange for Tui’s shares will be June 21, 2024, with the de-listing effective by June 24, 2024.
- This strategic move aims to enhance the visibility and attractiveness of Tui’s shares with a sole focus on the German MDAX share index.
- EU’s largest travel group previously communicated this switch, receiving strong approval from its shareholders.
- Despite de-listing from London, the UK remains a vital market for Tui, emphasising no operational changes in the region.
Tui Group has set June 21, 2024, as the last day for trading its shares on the London Stock Exchange. The company will officially de-list by June 24, marking an end to its dual listing that has been in place for nearly a decade.
This decision is part of a strategic move to streamline Tui’s share presence by focusing exclusively on the German MDAX share index. According to Tui’s Chief Financial Officer, Mathias Kiep, the company intends to grow successfully and sustainably, ensuring Tui remains an attractive investment.
Shareholders have voted overwhelmingly in favour of this transition, underlining their support for refining the business’s focus and positioning. Mathias Kiep explained, “With the listing in the MDAX, we are putting a clear focus on one stock exchange listing – instead of two previously.” He further stated that this approach would enhance the share’s visibility and ensure more streamlined operations.
Despite the de-listing from the London Stock Exchange, Tui Group maintains that the UK market continues to be a key area of operation. Mathias Kiep assured stakeholders that the shift would not impact Tui’s commitment to the UK market, highlighting its significance within the company’s broader strategy.
The move to focus on a single listing aligns with Tui’s strategic goals for growth and investor appeal while maintaining its strong UK market presence.
