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Thomson Reuters Announces Voting Results of Return of Capital and Share Consolidation Transactions
Thomson Reuters Announces Voting Results of Return of Capital and Share Consolidation Transaction...
About this update from Thomson Reuters Corporation
[{"type":"text","content":"Thomson Reuters Announces Voting Results of Return of Capital and Share Consolidation Transactions\n\n\nThomson Reuters Announces Voting Results of Return of Capital and Share Consolidation Transactions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nTORONTO, April 28, 2026 /PRNewswire/ -- Thomson Reuters (TSX/Nasdaq: TRI) today announced the voting results for its proposed return of capital and share consolidation transactions at its special meeting of shareholders held in-person today.\n\n\n\n\n\n\n\nShareholders approved a plan of arrangement to implement the company's proposed return of capital and share consolidation transactions. A final report on voting results will be filed by the company with the Canadian securities regulatory authorities and furnished to the U.S. Securities and Exchange Commission. As described in the company's management proxy circular dated March 13, 2026 (the \"Circular\"), the return of capital and share consolidation transactions consist of a special cash distribution of US$605 million in the aggregate, or approximately US$1.36 per common share (estimated based on the number of common shares issued and outstanding as of the record date for the special meeting and assuming no shareholders opt-out of the return of capital), and a consolidation of the company's outstanding common shares (or \"reverse stock split\") on a basis that is proportional to the special cash distribution.Timeline/Next StepsThe plan of arrangement for the return of capital and share consolidation transactions is subject to final approval by the Ontario Superior Court of Justice as well as the Toronto Stock Exchange (TSX) and the Nasdaq. The Court hearing for a final order to approve the plan of arrangement is scheduled to take place on April 29, 2026.If those final approvals are received:Thomson Reuters will determine the actual cash distribution per share and the share consolidation ratio after 4:00pm (Toronto time) on May 1, 2026 based on the number of participating shares, and will issue a news release later that day with ap...