TORONTO, Nov. 21 /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 15 million Thomson Reuters Corporation common shares (representing approximately 3% of its holdings of Thomson Reuters Corporation common shares) and concurrent 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 September 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 commencing seven days after today's date. Purchases of Thomson Reuters PLC ordinary shares would be effected concurrently 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 November 20, 2008, Woodbridge and other companies affiliated with it beneficially owned an aggregate of 444,780,673 Thomson Reuters Corporation common shares and 8,334,812 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
For further information: Scott MacNicol, TD Securities Inc., Tel: (416) 982-2674; Andrew Seaton, Citi, Tel: +44 (0)20 7986 0000
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