The decision by investors on Tuesday (13 February), which was carried by 98.35%, means Hannover-based Tui AG’s shares will be listed solely on the Frankfurt Stock Exchange. The vote required a 75% majority.
Ahead of the vote, Mathias Kiep, Tui Group chief finance officer, said the key rationale for Tui was "to pull the volumes and decomplex the structure", adding a full MDAX listing was scheduled for 24 June.
More than three-quarters – 77% – of Tui shares are already traded on the Frankfurt exchange, and the company will be upgraded to prime status on the German market if all its trading takes place there.
