Thomson Reuters Intends to Purchase up to 10M Shares Through Private Agreements
(Thomson Reuters ONE) -
NEW YORK, August 25, 2015 - Thomson Reuters (NYSE / TSX: TRI), the world's
leading source of intelligent information for businesses and professionals,
today announced that it intends to purchase up to 10 million of its common
shares through private agreements with four arm's-length third-party sellers.
Any shares purchased under these agreements will count towards the company's
existing normal course issuer bid (NCIB), which allows it to buy back up to 30
million common shares between May 28, 2015 and May 27, 2016. The Ontario
Securities Commission (OSC) has issued three issuer bid exemption orders
permitting the company to make private agreement purchases for up to 10 million
shares, which represents no more than one third of the maximum number of shares
that may be purchased under the NCIB.
In May 2015, the company announced that it plans to buy back up to US$1.0
billion of its common shares by the end of 2016.
The price that Thomson Reuters will pay for its common shares through private
agreements will be at a discount to the prevailing market price on the Toronto
Stock Exchange (TSX) at the time of purchase, may be made in one or more trades
over time, and must otherwise comply with the terms of the OSC's orders.
Decisions regarding any future repurchases, including through private
agreements, will be based on market conditions, share price and other factors,
including opportunities to invest capital for growth.
Information regarding each private purchase, including the number of common
shares purchased and aggregate purchase price, will be available on the System
for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com
following the completion of any such purchase.
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, including the
company's intention to purchase shares through private agreements. 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#1947521]
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2015 - 23:15 Uhr
Sprache: Deutsch
News-ID 415887
Anzahl Zeichen: 4430
contact information:
Town:
New York
Kategorie:
Business News
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