• Thomson Reuters Announces Share Consolidation Ratio for Return of Capital Transaction

Market news

27 November 2018

Thomson Reuters Announces Share Consolidation Ratio for Return of Capital Transaction

  • Shares to Begin Trading Tomorrow on the TSX and NYSE on a Postconsolidated Basis

  • Return of Capital Transaction Includes Distribution of $4.45 in Cash Per Common Share, or About $2.3B in the Aggregate

  • Return of Capital Transaction Also Includes Consolidation of Outstanding Common Shares (or Reverse Stock Split) at a Ratio of 1 Preconsolidated Share for 0.9079 Postconsolidated Share

  • Following the Return of Capital Transaction, the Company Will Have Returned Approximately $9.8 Billion of Deal Proceeds

  • Company Plans to Complete the Return of Proceeds Later This Year Through the Repurchase of Approximately $200 Million of Its Shares Under Its Normal Course Issuer Bid

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