07:06 Wed 05 Oct 2016
TUI AG - Director/PDMR Shareholding
PDMR INTEREST IN SHARES
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Awards of Phantom Shares Under Long Term Incentive Programmes
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|
Corporate Body |
Number of Phantom Shares |
|
Executive Board |
119741 |
|
Executive Board |
54612 |
|
Executive Board |
40453 |
|
Executive Board |
40453 |
Dr |
Executive Board |
33981 |
|
Supervisory Board |
9709 |
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The Awards granted to the Executive Board members were granted in accordance with the terms of their respective service contracts 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.
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The Award granted to
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The Company also announces that, following a resolution of its Supervisory Board, the rights of former TUI Travel PLC´s Executive Directors who are now PDMRs of the Company under TUI AG´s Long Term Incentive Plan (the "Plan") were settled early. As part of the merger between the Company and the former TUI Travel PLC ("PLC") in
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In addition, the Supervisory Board also resolved to settle the award over 161,859 phantom shares granted to
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1Â Â Â Â Â Â Average XETRA price of
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Dated: Â 05 October 2016
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