Goldman Sachs Adjusts Stake in TUI AG

TUI AG announced a significant change in its shareholding structure, triggered by activities from The Goldman Sachs Group, Inc. According to a notification released on March 8, 2024, the adjustments are attributed to acquisitions and disposals of shares and voting rights, alongside a voluntary group notification at the subsidiary level.

The notification, which pinpointed the date of threshold crossing as March 5, 2024, shows Goldman Sachs now holds 0.46% of voting rights directly attached to shares and a further 5.04% through financial instruments, combining for a total of 5.49% of TUI AG's voting rights. Previously, the total was slightly higher at 5.72%.

The breakdown of instruments through which Goldman Sachs holds voting rights includes a diverse array of tools such as Rights to Recall, Rights of Use, Call Warrants, Convertible Bonds, Call Options, Swaps, and Put Options. These financial instruments span multiple expiration or maturity dates, with some extending as far as 2034.

This adjustment in shareholding structure comes amidst TUI AG's ongoing strategic maneuvers within the European market, emphasizing the importance of transparency in shareholding disclosures in accordance with German securities regulation.