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Prices & Quotes - UK Markets - TUI AG Reg Shs (DI) (TUI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 427.60p
Change Today:
-9.20p
Market Cap:
4,701.01m
Sector:
Travel & Leisure

Tui raises up to €400m to strengthen finances

By Sean Farrell

Date: Friday 09 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Tui is raising up to €400m (348m) by selling convertible bonds to strengthen its finances during continuing travel restrictions caused by the Covid-19 crisis.
The world's biggest travel company said it would sell €350m of bonds paying between 4.5% and 5% a year with an option to increase the issuance to €400m. The bonds will be redeemed on 16 April 2028.

The initial conversion price will have a premium of between 25% and 30% more than the average price of Tui shares between the launch and pricing of the offer on 9 April.

"Tui intends to use the proceeds from the offering to further improve its liquidity position as the Covid-19 crisis continues and subsequently for the repayment of existing financing instruments," the company said.

Shares of Tui fell 7.1% to 369p at 09:26 GMT.

The Anglo-German tour operator has been hit hard by Covid-19 restrictions, which have crushed the market for foreign holidays. In January it raised €545m from shareholders as part of a €1.8bn financing package agreed with the German government, banks and it biggest shareholder.

In March the company trimmed its capacity for the peak summer months to 75% of 2019 levels from 80% though it said bookings were encouraging and showed strong pent-up demand for travel.

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TUI Market Data

Currency UK Pounds
Price 427.60p
Change Today -9.20p
52 Week High 452.80p
52 Week Low 168.61p
Volume 4,145,800
Shares Issued 1,099.39m
Market Cap 4,701.01m
Beta 0.06

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 3
Strong Sell 9
Total 16
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TUI Dividends

  Latest Previous
  Final Final
Ex-Div 12-Feb-20 13-Feb-19
Paid 25-Feb-20 26-Feb-19
Amount 54.00¢ 72.00¢

Trades for 11-May-2021

Time Volume / Share Price
16:45 990 @ 427.60p
16:45 990 @ 427.60p
16:35 508,666 @ 427.60p
16:29 56 @ 428.00p
16:29 800 @ 428.00p

TUI Key Personnel

CEO Friedrich Joussen
CFO Sebastian Ebel