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FTSE has noted the terms of the proposed merger via a Scheme of Arrangement, as detailed in the notice issued by TUI Travel on 27 June 2014, which includes the following points:
• The resulting merged company (TUI AG) will be incorporated in Germany with a premium listing on the London Stock Exchange.
• Subject to completion of the merger TUI AG anticipates it will delist from the Frankfurt Stock Exchange and seek an Open Market Quotation on the Frankfurt Stock Exchange.
Following consultation with the FTSE Nationality Advisory Committee and in conjunction with the FTSE Nationality rules and based on the details as announced by TUI Travel on 27 June 2014, FTSE would allocate TUI AG a UK classification for FTSE index inclusion purposes.
It is therefore currently anticipated that subject to completion, the enlarged merged company TUI AG would be eligible to replace TUI Travel plc in the FTSE UK Index Series and be included in the FTSE Global Equity Index Series as a UK constituent.
If the proposed merger proceeds FTSE will issue a further notice once the details of the Scheme timetable becomes known.
For further information or general enquiries please contact us at info@ftse.com or call:
| Client Services in UK: |
Tel: +44 (0) 20 7866 1810 |
| Client Services in Europe, Middle East & Africa: |
Tel: +44 (0) 20 7866 1810 |
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Alternatively please visit our website at www.ftse.com
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