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TUI AG / Director/PDMR Shareholding*
TUI AG: Awards of Phantom Shares Under Long Term Incentive Programmes
23-Jan-2017 / 15:53 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*TUI AG*
*PDMR INTEREST IN SHARES*
*Awards of Phantom Shares Under Long Term Incentive Programmes*
On 07 December 2016 TUI AG ('the *Company*') announced the appointment of
Frank Rosenberger as a member of the Executive Board of the Company, the
appointment to take effect from 01 January 2017. The Company now announces
that an award of phantom shares (the '*Award*') was granted to Mr
Rosenberger under the Company's Long Term Incentive Plan with vesting to
take effect as if the performance period commenced on 1 October 2016. The
number of phantom shares subject to the Award was calculated based on a
pro-rated target amount due to the date on which his appointment started on
01 January 2017 (being 3/4 of a full financial year) and the Award was
granted at a base price of EUR 12.36 ¹ per share:
*Name of the PDMR* *Corporate Body* *Number of Phantom Shares*
Frank Rosenberger Executive Board 18204
The Award made to Mr Rosenberger was granted in accordance with the terms of
his service contract and will vest and be paid in cash subject to (i) a TSR
performance target determined over a 4-year performance period; and (ii) the
average XETRA price of the Company's shares over the 20 trading days prior
to date of vesting.
1Average XETRA price of the Company's shares over the 20 trading days prior
to 1 October 2016.
Dated: 23 January 2017
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: TUI AG
Karl-Wiechert-Allee 4
30625 Hannover
Germany
Phone: +49 (0)511 566-00
Fax: +49 (0)511 566-1901
E-mail: Investor.Relations@tui.com
Internet: www.tuigroup.com
ISIN: DE000TUAG000, DE000TUAG281, DE000TUAG299
WKN: TUAG00 , TUA G28, TUA G29
Listed: Regulated Market in Hanover; Regulated Unofficial Market in
Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
Exchange; Open Market in Frankfurt; London
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.: 3777
End of Announcement EQS News Service
538447 23-Jan-2017
(END) Dow Jones Newswires
January 23, 2017 09:53 ET (14:53 GMT)
