TUI Annual General Meeting approves return to dividend

Germany

Shareholders endorse new dividend policy and governance adjustments

TUI AG’s 67th Annual General Meeting, held in person in Hanover, approved all agenda items by a large majority, including the company’s return to dividend payments. Attendance, including votes cast, represented 31.32 percent of the share capital, up from 26.94 percent in the previous year. Shareholders formally discharged the members of the Executive Board and Supervisory Board for the 2025 financial year.

Central to the meeting was the adoption of a new dividend policy, reflecting TUI’s financial performance. A starter dividend of €0.10 per share will be paid for fiscal year 2025. From fiscal year 2026 onwards, the company plans to distribute between 10 and 20 percent of underlying earnings per share.

Supervisory Board to be reduced

The downsizing of the Supervisory Board, previously approved, will be completed at the end of the 2026 Annual General Meeting, reducing the body from 20 to 16 members. Johan Lundgren, initially appointed by court order in June 2025, was confirmed by shareholders as a member of the Supervisory Board.

As part of the restructuring, several members will step down. On the shareholder side, Coline Lucille McConville of Australia is leaving the board voluntarily after more than eleven years. During her tenure, she served on both the Audit Committee and the Strategy Committee. Helena Murano of Spain will also depart in connection with the board’s reduction.

Changes are likewise taking place among employee representatives. Sonja Austermühle, Anette Strempel, Tanja Viehl, and Stefan Weinhofer will leave the Supervisory Board at the end of their regular terms. Thomas Köhler and Daniel Dülm are scheduled to join as new employee representatives following the 2026 Annual General Meeting.

Shareholders support virtual meetings

Shareholders approved the proposal to allow future Annual General Meetings to be held virtually. Agenda item 9.1 received 94.34 percent approval, granting TUI continued flexibility in meeting formats.

The Annual General Meeting concluded at 16:35 CET. Detailed voting results for all agenda items will be published on the TUI Group website.