TUI AG
PDMR Interest in shares
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 and Mr Wolfgang Flintermann, a member of the Company's Supervisory Board, as set out in the table below under its Long Term Incentive Plans.
The Awards were granted with retroactive effect to 1 October 2017 at a base price of EUR 14.60[1] per share.
| Name of the PDMR |
Corporate Body |
Number of Awards |
| Friedrich Joussen |
Executive Board |
125,342 |
| Horst Baier |
Executive Board |
10,274[2] |
| David Burling |
Executive Board |
63,014 |
| Sebastian Ebel |
Executive Board |
63,014 |
| Dr Elke Eller |
Executive Board |
52,740 |
| Frank Rosenberger |
Executive Board |
52,397 |
| Wolfgang Flintermann |
Supervisory Board |
8,219 |
The Awards were granted under the terms and conditions of the respective service contracts. The vesting of the Awards is depending on the performance criteria specified by the respective service contracts and the price of TUI AG shares.
Vesting of phantom shares under TUI AG's Long Term Incentive Plans
Furthermore, the Company announces that Awards granted under its Executive Board Long Term Incentive Plan vested on 30 September 2017 and became payable on 12 December 2017 after the adoption of the annual accounts for the financial year 2016/17, as set out in the table below.
The Awards, which will be paid out in cash, vested at a value of EUR 14.60[3] per share.
| Name of the PDMR |
Corporate Body |
Number of Awards |
| Friedrich Joussen |
Executive Board |
56,164 |
| Horst Baier |
Executive Board |
53,743 |
The Awards vested and became payable in accordance with the terms and conditions of the respective service contracts.