Thomson Reuters Establishes Automatic Share Purchase Plan

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

Insights

Financial Analyst

Thomson Reuters' $1B share buyback through an ASPP demonstrates financial strength and shareholder commitment without restricting capital flexibility.

Thomson Reuters has taken a strategic step by establishing an Automatic Share Purchase Plan (ASPP) to facilitate its previously announced $1.0 billion share repurchase program. The ASPP effectively enables the company to continue repurchasing shares even during blackout periods when trading restrictions would normally apply, ensuring consistent execution of their capital return strategy.

The company's plan to repurchase up to 10 million common shares (approximately 2% of outstanding shares) between August 2025 and August 2026 reflects confidence in its financial position and business outlook. This structured approach to capital allocation demonstrates management's commitment to returning excess capital to shareholders while maintaining flexibility for potential growth investments.

The ASPP mechanism is particularly valuable for Thomson Reuters as it allows for programmatic buying during periods when the company might possess material non-public information or face regulatory restrictions. By setting parameters in advance, the company ensures regulatory compliance while optimizing execution timing.

The press release wisely notes that the company maintains discretion to modify or suspend the program based on market conditions, share price, and alternative growth opportunities. This flexibility indicates prudent capital management rather than a rigid commitment to share repurchases at any cost.

For investors, this program represents a positive signal about Thomson Reuters' cash flow generation capabilities and management's confidence in long-term business prospects, while preserving strategic flexibility for potential acquisitions or investments in their content and technology offerings.

TORONTO, Sept. 4, 2025 /PRNewswire/ -- Thomson Reuters (TSX/Nasdaq: TRI), a global content and technology company, today announced that, in connection with its previously announced $1.0 billion share repurchase program and normal course issuer bid (NCIB) to purchase up to 10 million common shares between August 19, 2025 and August 18, 2026, it has entered into an automatic share purchase plan (ASPP) with its broker. The ASPP is intended to allow for the purchase of shares under the NCIB during pre-determined times when the company would ordinarily not be permitted to purchase shares due to customary blackout periods or other regulatory restrictions.  

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 $1.0 billion of its common shares, are forward-looking. The words "will", "expect", "believe" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond the company's control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

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

FAQ

What is the size of Thomson Reuters' (TRI) share repurchase program announced in September 2025?

Thomson Reuters announced a $1.0 billion share repurchase program with the ability to purchase up to 10 million common shares.

When does Thomson Reuters' (TRI) current share buyback program expire?

The share buyback program (NCIB) runs from August 19, 2025, to August 18, 2026.

What is the purpose of TRI's Automatic Share Purchase Plan (ASPP)?

The ASPP allows Thomson Reuters to purchase shares during blackout periods and regulatory restrictions when the company would normally not be permitted to buy shares.

Can Thomson Reuters suspend its share repurchase program?

Yes, Thomson Reuters may suspend or discontinue share repurchases at any time based on factors such as market conditions, share price, and other investment opportunities.

How will Thomson Reuters execute its share purchases under the ASPP?

Share purchases will be executed by the company's broker based on pre-determined parameters set by Thomson Reuters when it is not in possession of material non-public information.