According to a regulatory filing today (4 January), the tour operator has consulted with shareholders on the matter and will propose the resolution at its 13 February AGM.
The move follows an announcement by the firm on 6 December, which confirmed it was considering a move from the London Stock Exchange after being approached by “certain” shareholders to discuss and understand whether the current listing structure is “optimal and advantageous”.
Stock Spotlight: TUI on track for recovery as possible move from LSE looms large
One of Europe’s largest tour operators, TUI has had a dual listing in both London and Frankfurt ever since its formation through the merger of the British tour operator TUI Travel and its German parent company, TUI AG, in 2014.
Currently a member of the FTSE 250, TUI said it was seeking to understand if a simplification of its listing structure and more prominent position in the Frankfurt Stock Exchange’s MDAX…
