Thomson Reuters Shareholders Approve CAD 605M Return of Capital, Share Consolidation in Vote

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Wed, April 29, 2026 astatine 5:46 AM CDT 5 min read

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Thomson Reuters (NASDAQ:TRI) shareholders voted overwhelmingly to o.k. a projected instrumentality of superior and related stock consolidation, according to preliminary results announced astatine a peculiar gathering chaired by David Thomson, the company’s chairman.

The meeting, which was webcast connected the company’s website, was convened to see a azygous item: a peculiar solution approving a program of statement to instrumentality the instrumentality of superior and stock consolidation transactions described successful the absorption proxy circular sent to shareholders. Norie Campbell, Thomson Reuters’ main ineligible serviceman and institution secretary, acted arsenic caput of the meeting, and the institution appointed representatives of Computershare Trust Company of Canada to enactment arsenic scrutineers.

Return of superior tied to proceeds from anterior plus income

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CEO Steve Hasker said the projected transaction represents the company’s “third instrumentality of superior transaction” related to proceeds received from a bid of portfolio actions dating backmost to 2018. Hasker stated that since 2018 Thomson Reuters has received astir $24.9 cardinal successful gross proceeds derived from 2 main sources:

The 2018 merchantability of a 55% involvement successful its fiscal and hazard business, Refinitiv, to a Blackstone-led consortium.
Subsequent dispositions of London Stock Exchange Group PLC (LSEG) shares that Thomson Reuters received arsenic information successful the Refinitiv transaction, sold betwixt March 2021 and May 2024.

Hasker said the institution antecedently returned “a important portion” of these proceeds to shareholders done stock repurchases conducted nether a mean people issuer bid, a important issuer bid oregon tender offer, and instrumentality of superior transactions successful 2018 and 2023.

Proposed organisation and stock consolidation mechanics

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Under the latest proposal, Hasker said Thomson Reuters plans to instrumentality CAD 605 cardinal to shareholders from gross proceeds derived from astir 32.4 cardinal LSEG shares sold successful May 2024.

If implemented arsenic described successful the program of arrangement, shareholders would person a currency organisation of astir CAD 1.36 per Thomson Reuters communal share, Hasker said. He noted the estimation is based connected the fig of communal shares issued and outstanding arsenic of the meeting’s grounds day and assumes nary shareholders opt retired of the instrumentality of capital.

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