Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
(Thomson Reuters ONE) -
NEW YORK, May 6, 2011 - 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). Although Thomson Reuters has not repurchased any shares since 2008, it
may buy back shares from time to time as part of its capital management
strategy.
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 13, 2011 and May 12, 2012. In
accordance with TSX rules, any daily repurchases would be limited to a maximum
of 227,648 shares, which represents 25% of the average daily trading volume on
the TSX for the six months ended April 30, 2011. On April 30, 2011, there were
835,867,240 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.
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, legal, tax and accounting, healthcare 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 more than 55,000 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 towww.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
David Girardin Frank J. Golden
Corporate Affairs Manager Senior Vice President, Investor Relations
+1 646 223 4870 +1 646 223 5288
david.girardin(at)thomsonreuters.com 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#1513473]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2011 - 22:16 Uhr
Sprache: Deutsch
News-ID 54383
Anzahl Zeichen: 4565
contact information:
Kategorie:
Business News
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