Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
(Thomson Reuters ONE) -
NEW YORK, May 17, 2012 - Thomson Reuters Corporation (TSX / NYSE: TRI), the
world's leading source of intelligent information for businesses and
professionals, today announced that it has received approval from the Toronto
Stock Exchange (TSX) for the annual renewal of its normal course issuer bid
(NCIB).
Under the NCIB, up to 15 million common shares (representing less than 2% of the
total outstanding shares) may be repurchased in open market transactions on the
TSX or the New York Stock Exchange between May 22, 2012 and May 21, 2013. In
accordance with TSX rules, any daily repurchases would be limited to a maximum
of 315,657 shares, which represents 25% of the average daily trading volume on
the TSX for the six months ended April 30, 2012 (other than pursuant to a block
purchase exception). On May 8, 2012, there were 828,646,016 Thomson Reuters
common shares outstanding. Any shares that are repurchased will be cancelled.
Decisions regarding any future repurchases will be based on market conditions,
share price and other factors, including opportunities to invest capital for
growth. Under its NCIB that began on May 13, 2011 and expired on May 12, 2012,
Thomson Reuters repurchased 12,372,300 common shares for a total cost of
US$372.3 million, representing an average price of US$30.09 per share.
From time to time, when Thomson Reuters does not possess material nonpublic
information about itself or its securities, it may enter into a pre-defined plan
with its broker to allow for the repurchase of shares at times when Thomson
Reuters ordinarily would not be active in the market due to its own internal
trading blackout periods, insider trading rules or otherwise. Any such plans
entered into with Thomson Reuters broker will be adopted in accordance with
applicable Canadian securities laws and the requirements of Rule 10b5-1 under
the U.S. Securities Exchange Act of 1934, as amended.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking. These forward-
looking statements are based on certain assumptions and reflect our company's
current expectations. As a result, forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results or events to
differ materially from current expectations. There is no assurance that the
events described in any forward-looking statement will materialize. You are
cautioned not to place undue reliance on forward-looking statements which
reflect expectations only as of the date of this news release. Except as may be
required by applicable law, Thomson Reuters disclaims any obligation to update
or revise any forward-looking statements.
CONTACTS
MEDIA INVESTORS
Calvin Mitchell Frank J. Golden
Senior Vice President, Corporate Affairs Senior Vice President, Investor
+1 646 223 5285 Relations
calvin.mitchell(at)thomsonreuters.com +1 646 223 5288
frank.golden(at)thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1613031]
Unternehmensinformation / Kurzprofil:
Datum: 17.05.2012 - 13:31 Uhr
Sprache: Deutsch
News-ID 147777
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Kategorie:
Business News
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