#Canada #Toronto #Thomson Reuters #Capital Return #Share Consolidation

Thomson Reuters Sees Major Milestone with Court Approval

Thomson Reuters (TSX/Nasdaq: TRI) has officially received the green light from the Ontario Superior Court of Justice for its planned capital return and share consolidation transactions. This ruling paves the way for the company to implement a proposed financial strategy aimed at enhancing shareholder value.

On April 30, 2026, the court issued a final order approving a plan of arrangement that includes a significant cash distribution and a consolidation of shares. This decision follows the shareholder approval received just two days prior, during a special meeting held on April 28, 2026, where the overwhelming support from investors was evident.

Understanding the Transactions

The core of the transactions involves a special cash distribution of approximately US$605 million, equivalent to around US$1.36 per common share. This distribution is based on the total number of common shares outstanding at the time of the special meeting, assuming all shareholders opt to participate in the capital return.

In conjunction with the cash distribution, Thomson Reuters will accomplish a share consolidation, commonly referred to as a reverse stock split. This process entails adjusting the number of outstanding shares in a manner proportionate to the cash distribution, ultimately aiming to provide shareholders with a clearer value perception.

Next Steps for Stakeholders

As part of the outlined transaction timeline, the plan awaits final approval from both the Toronto Stock Exchange (TSX) and Nasdaq. If these approvals are granted, Thomson Reuters will announce the finalized cash distribution per share and the specific share consolidation ratio after 4:00 PM EDT on May 1, 2026.

The effective date for these transactions is expected to occur on May 4, 2026, at 3:01 AM EDT (Toronto time). Following this, shares consolidated under the new structure will be trading under a new CUSIP on both the TSX and Nasdaq upon market open.

Registered shareholders who participated in the cash distribution can anticipate receiving the payment shortly after the transactions’ implementation. For beneficial or non-registered shareholders, rewards from the cash distribution will be administered through their respective intermediaries, with impacts of the consolidation reflected in their accounts.

However, it is important to note that eligible shareholders who chose to opt-out of the return of capital won't receive the cash payout. Instead, they will maintain their current number of shares but will benefit from an increase in equity and voting interests due to the share consolidation.

Detailed Information Available

For stakeholders looking for more in-depth information, Thomson Reuters has made resources regarding the transaction available in their management proxy circular dated March 13, 2026, which can be accessed on their official website.

The documents related to these transactions were previously submitted to Canadian securities regulatory authorities on SEDAR+ and can also be found on the U.S. Securities and Exchange Commission’s (SEC) website via EDGAR.

About Thomson Reuters

Thomson Reuters is a global leader in providing trusted information and insights that aid professionals in making informed decisions. The company serves a broad spectrum of industries including legal, tax, audit, accounting, compliance, government, and media. Their innovative products integrate specialized software with expert insights, empowering organizations to pursue truth, justice, and effective operations.

To stay up-to-date with the latest from Thomson Reuters or to explore their offerings, visit their website at thomsonreuters.com.

Conclusion

The recent court ruling represents a pivotal moment for Thomson Reuters as it embarks on a new chapter characterized by enhanced shareholder returns and streamlined share structure. As the process unfolds, stakeholders are advised to monitor the developments closely to ensure they remain well-informed about their investments and the company’s trajectory.