Tui urges shareholders to vote to abandon London listing

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Travel company Tui has urged its shareholders to vote to abandon the company’s London listing and focus purely on Germany. It added: “The termination of the listing in London would offer understandable advantages for investors and the company: Simplification of structures, improvement in liquidity and indexation, and support for EU airline ownership.” We will retain the option to flexibly adjust capacity from the eastern to western Mediterranean should there be a further escalation of the conflict in this region which has a significant and prolonged effect on customer demand Tui statement Shareholders are set to vote on the plan to drop the London listing at a meeting later on Tuesday in Hanover, Germany. “Average selling price continues to hold up well, highlighting the strong demand for our products and the consumers’ continued willingness to prioritise spend on travel and holidays,” the business said. “We will retain the option to flexibly adjust capacity from the eastern to western Mediterranean should there be a further escalation of the conflict in this region which has a significant and prolonged effect on customer demand.” Chief executive Sebastian Ebel said: “We are on track, we are gaining customers and we are growing.