BERLIN (Reuters) – Travel group TUI said on Thursday that shareholders will decide on its future stock exchange listings at their annual general meeting planned for Feb. 13.
TUI’s executive and supervisory boards have proposed simplifying the structure of the company’s listings and cancelling its listing on the London Stock Exchange, it said.
Subject to approval by TUI’s shareholders, the delisting from the London Stock Exchange could take place in June 2024.
The listing on the Frankfurt Stock Exchange should be continued with an upgrade to the Prime Standard market segment and inclusion in the MDAX, added the company.
(Writing by Miranda Murray, editing by Kirsti Knolle)