Woodbridge Considering Exchange of up to 10 million additional Thomson Reuters Corporation Common Shares for Thomson Reuters PLC Ordinary Shares
Published In: Business, Ontario 
Thursday, February 26, 2009 8:30 AM
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TORONTO, Feb. 26 /PRNewswire/ - The Woodbridge Company Limited, the controlling shareholder of Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL; NASDAQ: TRIN), today announced that it has made a Canadian regulatory filing that would permit it to undertake transactions providing for sales of up to 10 million additional Thomson Reuters Corporation common shares (representing approximately 2% of its holdings of Thomson Reuters Corporation common shares) and purchases of a similar number of Thomson Reuters PLC ordinary shares. The filing does not commit Woodbridge to undertake any of these transactions. Woodbridge previously announced and completed transactions of this nature in the fourth quarter of 2008.
Sales of Thomson Reuters Corporation common shares, if any, would be effected through the facilities of the Toronto Stock Exchange during the 30 day period after today's date. Purchases of Thomson Reuters PLC ordinary shares would be effected through the facilities of the London Stock Exchange.
One ordinary share of Thomson Reuters PLC is equivalent to one common share of Thomson Reuters Corporation under Thomson Reuters dual listed company structure. As of February 25, 2009, Woodbridge and other companies affiliated with it beneficially owned an aggregate of 439,767,486 Thomson Reuters Corporation common shares and 15,375,287 Thomson Reuters PLC ordinary shares (including ordinary shares underlying Thomson Reuters PLC American Depositary Shares) and had a voting interest in Thomson Reuters of approximately 55%.

CAUTIONARY NOTE

This news release does not constitute an offer for sale of any securities or an offer or an invitation to purchase any securities.
This news release includes forward-looking statements about Woodbridge's future intentions with respect to possible sales of Thomson Reuters Corporation common shares and purchases of Thomson Reuters PLC ordinary shares. These statements are not historical facts and there can be no assurance as to whether or when any transactions will occur. Woodbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law, rule or regulation.


SOURCE The Woodbridge Company Limited


 
Thursday, February 26, 2009 8:30 AM

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