TUI Shareholders Vote in Favor of Company Delisting from London Stock Exchange

TUI AG, recognized as Europe's leading travel firm, has received the green light from its shareholders to withdraw its listing from the London Stock Exchange (LSE). The decision came to fruition during TUI's recent annual general meeting where an overwhelming majority of shareholders backed the move.

Overwhelming Shareholder Support

The proposition to delist garnered 98.35% approval, reflecting nearly unanimous support, while a mere 1.65% stood in opposition. This definitive vote seals the fate of TUI's presence on the LSE, marking a significant shift in the company's stock market strategy.

Market Response

Despite the delisting decision, TUI's stock performance remained stable with a minor daily dip of -0.06%. Interestingly, the company enjoyed a +7.22% climb over the past five days. Meanwhile, the parent entity of the LSE, LONDON STOCK EXCHANGE PLC, saw its shares fluctuate by -0.68% that day, with a negligible five-day change of +0.02%. The FTSE 100, which encompasses the LSE's top 100 companies by market capitalization, experienced a dip of -0.81%, reinforcing a negative two-day trend at -2.20%.

TUI, delisting, LSE