TUI AG Reports Changes in Major Holdings

On March 13, 2024, TUI AG disclosed a significant update regarding its major holdings, as mandated by Article 40, Section 1 of the WpHG [the German Securities Trading Act], aimed at Europe-wide dissemination. The notification centers on the changes in the shareholding structure, specifically pointing to The Goldman Sachs Group, Inc.'s update on its position.

The document specifies that The Goldman Sachs Group, Inc., based in Wilmington, DE, USA, has undergone changes related to its voting rights in TUI AG. The threshold triggering these notifications was surpassed on March 7, 2024. The current total of voting rights, combining direct shares and instruments, stands at 5.44%, a slight increase from the previous figure of 5.37%.

A detailed breakdown reveals that direct voting rights in shares slightly decreased to 0.04%, while voting rights through instruments increased, contributing to a total of 5.40%. Various financial instruments such as rights to recall, rights of use, call warrants, convertible bonds, call options, put options, and swaps are included in the calculation of voting rights through instruments.

These adjustments in TUI AG's shareholding structure are part of a broader notification encompassing voluntary group notifications with triggered thresholds on the subsidiary level, highlighting the intricate shareholding framework involving multiple Goldman Sachs entities worldwide.