Thomson Reuters Obtains Court Approval for Unification of Dual Listed Company Structure
25 August 2009 - 3:00PM
PR Newswire (US)
Closing and settlement information provided for shareholders NEW
YORK, Aug. 25 /PRNewswire/ -- Thomson Reuters (NYSE: TRI; TSX: TRI;
LSE: TRIL; NASDAQ: TRIN), the world's leading source of intelligent
information for businesses and professionals, today announced that
it has obtained UK court approval to unify its dual listed company
(DLC) structure. Thomson Reuters shareholders overwhelmingly
approved the unification earlier this month, and there are no
additional approvals required for closing. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090507/NY12658LOGO ) The last
day of trading in Thomson Reuters PLC ordinary shares on the London
Stock Exchange and American Depositary Shares (ADSs) on Nasdaq will
be on September 9, 2009 and the unification will close on September
10, 2009. Thomson Reuters Corporation common shares will continue
to trade on the Toronto Stock Exchange (TSX) and the New York Stock
Exchange (NYSE) under the symbol "TRI". Type of Shareholder
Unification Consideration
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Thomson Reuters PLC ordinary Each ordinary share will be
shareholders exchanged for one Thomson Reuters Corporation common
share. To facilitate the holding of shares in the UK through CREST
(the UK electronic settlement system), Thomson Reuters PLC
shareholders will receive Depository Interests (DIs). DIs represent
entitlements to common shares and have the same voting and economic
interests as common shares. However, DIs are not traded on the TSX
or NYSE.
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Thomson Reuters PLC ADS holders Each ADS will be exchanged for six
Thomson Reuters Corporation common shares.
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Thomson Reuters Corporation common No change to existing shares.
shareholders
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Effective September 10, 2009, former Thomson Reuters PLC
shareholders who receive DIs will be able to convert their DIs into
common shares by contacting Computershare in Canada and the United
States by phone at 1.877.624.5999 or by e-mail at , and in the
United Kingdom and elsewhere outside of Canada/United States by
phone at 44.870.702.0003, ext. 1075, or by e-mail at . Thomson
Reuters will pay all applicable conversion fees between September
10, 2009 and December 10, 2009. Additional information about the
DIs is available in the "Investor Relations" section of
http://www.thomsonreuters.com/. Thomson Reuters expects settlement
of newly-issued common shares and DIs to occur on or about
September 14, 2009. Holders of Thomson Reuters shares as of August
21, 2009 are entitled to receive a dividend of US$0.28 per share on
September 15, 2009. Due to the timing of the closing of the
unification, Thomson Reuters PLC shareholders who previously
enrolled in the company's dividend reinvestment plan (DRIP) will
receive this dividend in cash. Enrollment information for the
Thomson Reuters Corporation DRIP is available in the "Investor
Relations" section of http://www.thomsonreuters.com/. A more
detailed expected timetable of key dates related to the proposed
unification is provided below. Proposed DLC Unification Expected
Timetable of Key Events as of August 25, 2009
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Deadline for settlement and 1:00 p.m. (EDT) / 6:00 p.m. (BST) on
registration of transfers in Wednesday, September 9, 2009 Thomson
Reuters PLC shares for inclusion in the Scheme of Arrangement
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Scheme record time 1:00 p.m. (EDT) / 6:00 p.m. (BST) on Wednesday,
September 9, 2009
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Last trading day for Thomson Reuters Wednesday, September 9, 2009
PLC ordinary shares on the London Stock Exchange and ADSs on Nasdaq
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Effective date of Unification and Thursday, September 10, 2009 the
Scheme
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Settlement of newly-issued Thomson Monday, September 14, 2009
Reuters Corporation common shares and Depository Interests (DIs)
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Payment date for US$0.28 per share Tuesday, September 15, 2009
dividend for holders of Thomson Reuters shares as of August 21,
2009
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The CUSIP and ISIN numbers for Thomson Reuters Corporation common
shares and DIs will be identical and are as follows: CUSIP Number
ISIN Number
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Thomson Reuters Corporation 884903 10 5 CA8849031056 Common
Shares/DIs
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Thomson Reuters Thomson Reuters is the world's leading source of
intelligent information for businesses and professionals. We
combine industry expertise with innovative technology to deliver
critical information to leading decision makers in the financial,
legal, tax and accounting, healthcare and science and media
markets, powered by the world's most trusted news organization.
With headquarters in New York and major operations in London and
Eagan, Minnesota, Thomson Reuters employs more than 50,000 people
and operates in over 100 countries. Thomson Reuters shares are
listed on the New York Stock Exchange (NYSE:TRI); Toronto Stock
Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq
(NASDAQ:TRIN). For more information, go to
http://www.thomsonreuters.com/. CONTACTS Fred Hawrysh Senior Vice
President, Corporate Affairs +1.646 223 5285 Frank Golden Senior
Vice President, Investor Relations +1.646 223 5288 Victoria Brough
Head of External Affairs, EMEA +44 (0) 207 542 8763
http://www.newscom.com/cgi-bin/prnh/20090507/NY12658LOGO
http://photoarchive.ap.org/ DATASOURCE: Thomson Reuters CONTACT:
Fred Hawrysh, Senior Vice President, Corporate Affairs,
+1-646-223-5285, , or Frank Golden, Senior Vice President, Investor
Relations, +1-646-223-5288, , or Victoria Brough, Head of External
Affairs, EMEA, +44(0)-207-542-8763, , all of Thomson Reuters Web
Site: http://www.thomsonreuters.com/
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