Thomson Reuters Establishes Automatic Share Purchase Plan
Thomson Reuters (TSX/Nasdaq: TRI) has established an Automatic Share Purchase Plan (ASPP) in connection with its previously announced $1.0 billion share repurchase program.
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Rhea-AI Summary
Thomson Reuters (TSX/Nasdaq: TRI) has established an Automatic Share Purchase Plan (ASPP) in connection with its previously announced $1.0 billion share repurchase program. The ASPP is part of the company's normal course issuer bid (NCIB) to purchase up to 10 million common shares between August 19, 2025, and August 18, 2026.
The ASPP enables share purchases during blackout periods and regulatory restrictions through a broker based on pre-set parameters. The plan will terminate when the NCIB expires unless terminated earlier. Outside blackout periods, purchases may be made at management's discretion, subject to market conditions, share price, and other growth investment opportunities.
Positive
- None.
Negative
- Share repurchases may be suspended or discontinued based on market conditions
- Future repurchases dependent on share price and alternative investment opportunities
Details
News Market Reaction – TRI
On Sep 4, the day this news came out, TRI closed 0.72% above the previous close.
Data tracked by StockTitan Argus for the Sep 4 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Purchases under the ASPP will be made by the company's broker based upon parameters set by Thomson Reuters when it is not in possession of material non-public information relating to the company or the shares. The ASPP has been entered into in accordance with the requirements of the TSX and applicable Canadian securities laws and will terminate when the NCIB expires, unless terminated earlier in accordance with its terms. All purchases made under the ASPP will be included in computing the number of shares purchased under the NCIB. Outside of pre-determined blackout periods, shares may be purchased under the NCIB based on management's discretion, in compliance with TSX rules and applicable securities laws.
Decisions regarding any future repurchases will depend on certain factors, such as market conditions, share price and other opportunities to invest capital for growth. Thomson Reuters may elect to suspend or discontinue share repurchases at any time, in accordance with applicable laws.
Thomson Reuters
Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release, including, but not limited to, statements regarding the company's plans to repurchase up to
CONTACTS
Media
Gehna Singh Kareckas
Senior Director, Corporate Affairs
+1 613 979 4272
gehna.singhkareckas@tr.com
Investors
Gary Bisbee, CFA
Head of Investor Relations
+1 646 540 3249
gary.bisbee@tr.com
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SOURCE Thomson Reuters
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