TUI AG
PDMR INTEREST IN SHARES
Awards of Phantom Shares Under Long Term Incentive Programmes
TUI AG (the "Company") announces that phantom share awards ("Awards") were granted to Mr Horst Baier, a member of the Company's Executive Board, as set out in the table below under the TUI AG Long Term Incentive Plan. The Awards were granted at a base price of EUR 14,60ยน per share on 1 October 2017:
| Name of the PDMR |
Corporate Body |
Number of Phantom Shares |
| Horst Baier |
Executive Board |
46233 |
The Awards granted to Mr Baier were granted in accordance with the terms of his service contract and will vest and be paid in cash subject to (i) a TSR performance target determined over a 4-year performance period; and (ii) the share price at the date of vesting.
1 Average XETRA price of TUI AG shares over the 20 trading days prior to the date of grant.
Dated: 05 October 2017