Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
(Thomson Reuters ONE) -
NEW YORK, May 22, 2015 - Thomson Reuters (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 renewed NCIB, up to 30 million common shares (representing
approximately 3.8% of the total outstanding shares) may be repurchased between
May 28, 2015 and May 27, 2016. The renewed NCIB reflects the same number of
shares as the company's NCIB that expires later this month.
Under the NCIB that expires later this month, Thomson Reuters has repurchased
30 million common shares for a total cost of approximately US$1.16 billion,
representing an average price of US$38.67 per share.
Earlier this month, the company announced plans to repurchase an additional $1
billion of its common shares by the end of 2016. Decisions regarding any future
repurchases will be based on market conditions, share price and other factors,
including opportunities to invest capital for growth.
Under the renewed NCIB, shares may be repurchased in open market transactions on
the TSX, the New York Stock Exchange (NYSE) and/or other exchanges and
alternative trading systems, if eligible, or by such other means as may be
permitted by the TSX and/or NYSE or under applicable law, including private
agreement purchases if Thomson Reuters receives an issuer bid exemption order in
the future from applicable securities regulatory authorities in Canada for such
purchases. The price that Thomson Reuters will pay for common shares in open
market transactions will be the market price at the time of purchase or such
other price as may be permitted by the TSX. Any private agreement purchases made
under an exemption order will generally be at a discount to the prevailing
market price. In accordance with TSX rules, any daily repurchases (other than
pursuant to a block purchase exception) on the TSX under the renewed NCIB are
limited to a maximum of 184,791 shares, which represents 25% of the average
daily trading volume on the TSX for the six months ended April 30, 2015 (net of
repurchases made by the company during that time period). On May 20, 2015, there
were 784,310,299 Thomson Reuters common shares outstanding. Any shares that are
repurchased will be cancelled.
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. 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
Andrew Green Frank J. Golden
Corporate Affairs Senior Vice President, Investor Relations
+1 646 223 4228 +1 646 223 5288
andrew.green(at)thomsonreuters.com frank.golden(at)thomsonreuters.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1923344]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2015 - 13:30 Uhr
Sprache: Deutsch
News-ID 395320
Anzahl Zeichen: 5623
contact information:
Town:
New York
Kategorie:
Business News
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