TUI AG announces an Equity Buyback for 317,171 shares, for €1.46 million.
September 23, 2021 at 01:10 pm EDT
TUI AG (XTRA:TUI1) announces a share repurchase program. Under the program, the company will repurchase up to 317,171 shares, for €1.46 million. The shares will not be repurchased at a price which exceeds the price of the last independent trade or the highest independent bid, at the time of the purchase on the stock exchange where the purchase is carried out, whichever is higher. The repurchased shares will be transferred to the employees participating in the employee share participation program. The program will be valid up to September 24, 2021.