NEW YORK, NY - (Marketwire - May 06, 2011) - Thomson Reuters Corporation (TSX: TRI) (NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, announced today that it received approval of Toron stock market (TSX) to renew its annual issue offer normal course (NCIB, acronym in English). Although Thomson Reuters shall not repurchased any shares since 2008, may repurchase shares periodically as part of its capital management strategy.
Under the NCIB, it may repurchase up to 15 million ordinary shares (representing less than 2% of total shares outstanding) in open market transactions on the TSX or the stock market in New York from 13 May 2011 to May 12, 2012. In accordance with regulations of the TSX, any day repurchase would be limited to a maximum of 227,648 shares, representing 25% of average daily transaction volume of the TSX for the semester ended April 30, 2011. On April 30, 2011, there were 835,867,240 ordinary shares of Thomson Reuters. Any repurchased shares will be canceled. Decisions regarding any future repurchases will be based on market conditions, share price and other factors, including opportunities for growth capital.
Periodically, when Thomson Reuters does not possess material nonpublic information about the company or its securities, may agree to an agreed plan with its broker to allow repurchase shares when Thomson Reuters would not normally active in the market due to its own blocking periods insider trading, insider trading rules or otherwise. Any such plans agreed with the broker of Thomson Reuters will be adopted in accordance with applicable securities laws of Canada and the requirements of Rules 10b5-1 under the Law on Securities and Exchange Commission (SEC) of 1934, as amendment.
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, scientific, care health and media, driven by the most trusted news organization in the world. Thomson Reuters, based in New York and major operations in London and Eagan, Minnesota, employs over 55,000 people and operates in over 100 countries. Thomson Reuters is listed on stock markets in Toronto and New York (TSX: TRI) (NYSE: TRI). For more information visit: www.thomsonreuters.com.
IMPORTANT NOTICE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release are forward looking. These statements are based on certain assumptions and current expectations of our company. As a result, these statements looking are subject to numerous risks and uncertainties that could cause actual results or events to differ materially from current expectations. There is no guarantee that the events described in any forward-looking statements will materialize. You are cautioned not to place undue reliance on any forward-looking statements that are the same only as of the date of this press release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.
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