TUI AG Reports Change in Major Holdings by BlackRock, Inc.

TUI AG announced a significant notification concerning its shareholder structure, involving BlackRock, Inc., a leading investment management corporation based in New York, USA. The report came in adherence to Article 40, Section 1 of the WpHG [the German Securities Trading Act], aimed at a Europe-wide distribution, dated 1st March 2024.

The notification discloses changes in BlackRock's holdings in TUI AG, wherein as of 23 February 2024, BlackRock’s share of voting rights attached to shares fell slightly from 5.04% to 4.96%. The total positions, combining voting rights attached to shares and through instruments like lent securities and contracts for difference, also saw a slight decrease from 5.77% to 5.67%.

The detailed chain of command within BlackRock, Inc. illustrates the complexity of its structure, yet no single entity within the group was reported to directly hold 3% or more voting rights. This disclosure highlights the intricate investment patterns and the significance of BlackRock as a major shareholder in the global tourism conglomerate.