1st Oct 2019 15:46
TUI AG (TUI) TUI AG: Award of phantom shares under TUI AG's Long Term Incentive Plans 01-Oct-2019 / 16:45 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. TUI AG Regulatory Announcements Award of phantom shares under TUI AG's Long Term Incentive Plans TUI AG (the "Company") announces that phantom share awards ("Awards") were granted to its members of the Executive Board as set out in the table below under TUI AG's Long Term Incentive Plans. The Awards were granted with effect as of 1 October 2019 at a base price of EUR 9.87 per share. This share price equals the average XETRA price of TUI AG shares over a period of 20 trading days prior to the date of grant.
The Awards were granted in accordance with the terms of the respective service contracts and will vest and be paid in cash subject to (i) a TSR and an EPS performance target, respectively, determined over a 4-year performance period; and (ii) the share price at the date of vesting. |
| ISIN: | DE000TUAG000 |
| 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.: | 21961 |
| EQS News ID: | 883645 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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