Tui Group confirms date for London Stock Exchange de-listing

Tui Group has confirmed that its shares will no longer be dual listed in London and Frankfurt from June 24.

Europe’s largest travel group is to end its listing on the London Stock Exchange and return solely to the German MDAX share index after around nine years.

Tui previously flagged the switch and will see the last trading day in London on June 21.

Chief financial officer Mathias Kiep said: “We want to grow successfully, sustainably and profitably and Tui should remain an attractive long-term investment for current and new shareholders. 

“With the listing in the MDAX, we are putting a clear focus on one stock exchange listing – instead of two previously. 

“This increases the visibility and attractiveness of our share for investors. 

“Our shareholders voted by a large majority in favour of changing the dual listing structure – we are now successfully completing this step with our inclusion in the MDAX.” 

However, he added: “The UK market remains one of Tui’s key markets, and the change of listing from London to Frankfurt does not change this.”

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.