#Canada #Toronto #share buyback #Thomson Reuters #TSX

Thomson Reuters' Bold Move: A $500 Million Share Repurchase Program

On November 11, 2026, Thomson Reuters, a prominent global content and technology leader, made an exciting announcement regarding its financial strategy. The company revealed plans to repurchase up to $500 million of its own shares. This share buyback initiative is set to take place under a newly sanctioned Normal Course Issuer Bid (NCIB), which received the green light from the Toronto Stock Exchange (TSX).

Details of the Share Buyback Plan

Under this new NCIB, Thomson Reuters will have the authority to buy back up to 7 million common shares from the market, equating to approximately 1.6% of its total outstanding shares, as of October 31, 2026. The repurchase activities are scheduled to occur from November 13, 2026, to November 12, 2027. The shares will be acquired through the TSX, the Nasdaq Global Select Market, or other eligible trading systems, adhering to applicable laws and regulations.

Additionally, shares may be repurchased through various methods allowable by the TSX, including private agreements, should Thomson Reuters obtain necessary exemptions from the relevant securities regulatory authorities in Canada. The company is committed to paying the market price for shares at the time of their repurchase, ensuring that transactions are conducted fairly and in line with prevailing market conditions.

Insights on Shareholder Impact

A notable aspect of this share buyback program is the participation of The Woodbridge Company Limited, the controlling shareholder of Thomson Reuters, which holds around 70% of the company's outstanding shares. Woodbridge has indicated its intent to participate proportionally in the NCIB, reflecting its commitment to maintaining a healthy float for all shareholders. This increase in ownership percentage over the past decade is a result of previous buyback initiatives, aligning the interests of major stakeholders with those of minority investors.

Starting on November 13, 2026, Thomson Reuters will be allowed to purchase shares from Woodbridge in accordance with TSX regulations, ensuring proportional distribution based on their ownership percentage. This strategic move is expected to contribute positively to the company's market presence and shareholder confidence.

Automated Purchase Programs

To streamline its operations under the NCIB, Thomson Reuters has introduced an Automatic Share Purchase Plan (ASPP) with its brokerage partner. The ASPP will facilitate share purchases during times that would typically be restricted due to regulatory blackout periods. The plan ensures that buybacks are executed efficiently while adhering to TSX rules and Canadian securities laws.

In line with its established capital strategy, Thomson Reuters aims to balance growth initiatives with rewarding its shareholders through dividends and share repurchase activities. This proactive approach underscores the company's unwavering commitment to delivering value to its investors through strategic financial maneuvering.

Forward-Looking Statements and Market Conditions

As with any forward-looking strategy, uncertainty looms regarding the execution and impact of this share repurchase program. Thomson Reuters cautions stakeholders that future repurchases will be contingent on several market factors, including share prices and prevailing market conditions. The company reserves the right to suspend or cease the buyback program if circumstances warrant such a decision,

Throughout the preceding year, Thomson Reuters has actively managed its share repurchase activities, acquiring over 6 million common shares worth an estimated $600 million. The average purchase price over this period stood at approximately $97.48 per share, showcasing the company's consistent approach to managing its capital and shareholder returns.

With this recent announcement, Thomson Reuters continues to strengthen its position as a key player in delivering trusted news and insights, employing sophisticated software and technologies to meet the evolving needs of its clients across various sectors.

For more detailed information about this program or other inquiries, stakeholders can reach out to Thomson Reuters Investor Relations or Corporate Affairs teams,

Conclusion
Thomson Reuters' $500 million share repurchase initiative not only reflects its ongoing commitment to shareholder value but also demonstrates a strategic alignment of interests between controlling and minority investors. The company's disciplined approach to capital management and innovative investment in its brand ensures its continued leadership in the global content and technology sector.

For additional details on this announcement and future updates, visit Thomson Reuters for the latest information.