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TUI Group announces strategic delisting from London Stock Exchange

Mathias Kiep
Mathias Kiep, CFO of TUI Group.

This strategic realignment is poised to streamline TUI’s trading activities, optimizing investor relations and financial operations as the company continues to navigate the evolving landscapes of the global travel and hospitality sector.

In a decisive move that underscores the shifting dynamics within the financial markets, TUI Group has announced that its shareholders have overwhelmingly voted in favor of delisting the company’s shares from the London Stock Exchange (LSE). Garnering a substantial 98.35% majority, the vote paves the way for the initiation of TUI shares trading on the Prime Standard of the Frankfurt Stock Exchange at the start of April, with an anticipated admission to the MDAX on June 24.

This strategic transition marks the culmination of a significant shift in trading activity, with the majority of TUI’s share transactions now being executed through the German share register. Currently, approximately 77% of TUI’s share transactions are settled directly in Germany, contrasting sharply with less than a quarter of its shares traded as UK depositary interests.

Mathias Kiep, CFO of TUI Group, expressed satisfaction with the shareholders’ decision, highlighting the move as a strategic alignment with the company’s evolving shareholder base and liquidity patterns. “We are pleased that TUI’s shareholders have followed our recommendation and voted in favor of the London Stock Market delisting,” Kiep stated. He further emphasized the benefits of consolidating the company’s listing in Frankfurt, noting the simplification of structures, centralization, and enhancement of liquidity in a single trading venue.

The decision to delist from the LSE and transition to the Frankfurt Stock Exchange follows a period of evaluation prompted by inquiries from various investors regarding the efficacy of maintaining a dual stock exchange listing. Over recent years, TUI has witnessed a significant transformation in its ownership structure, alongside a pronounced shift in liquidity from the UK to Germany.

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.