Thomson Reuters Announces Renewal of Share Repurchase Program for Thomson Reuters Corporation Shares



    
    Provides buyback flexibility for existing US$500 million share repurchase
    program
    

    NEW YORK, June 4 /CNW/ -- 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 as part of its previously
announced US$500 million share repurchase program, it has received approval
from the Toronto Stock Exchange (TSX) to renew its Normal Course Issuer Bid
(NCIB) for Thomson Reuters Corporation common shares for an additional
12-month period.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20080424/NYTH069LOGO )
    
    The renewal of the NCIB will provide Thomson Reuters with the flexibility
to purchase shares of either Thomson Reuters Corporation or, as currently
permitted, Thomson Reuters PLC. On April 18, 2008, Thomson Reuters began
purchasing ordinary shares of Thomson Reuters PLC. From April 18, 2008 through
May 30, 2008, approximately 9.6 Thomson Reuters PLC ordinary shares were
purchased for a total cost of approximately US$302 million.
    Purchases of Thomson Reuters Corporation common shares may commence on
June 6, 2008 and will terminate no later than June 5, 2009. Thomson Reuters
Corporation common shares may be purchased in open market transactions on the
TSX or the New York Stock Exchange. Under the bid, up to 15 million common
shares of Thomson Reuters Corporation may be repurchased. This amount
represents approximately 1.81% of the aggregate issued and outstanding shares
of Thomson Reuters Corporation and Thomson Reuters PLC as of May 30, 2008.
Thomson Reuters may purchase up to 465,401 Thomson Reuters Corporation common
shares during any trading day, which represents 25% of the average daily
trading volume for the most recently completed six calendar months prior to
TSX acceptance of the notice of the NCIB. This limitation does not apply to
purchases made pursuant to block purchase exemptions. Between May 7, 2007 and
May 6, 2008, 2,370,500 common shares were repurchased under the NCIB at an
average price of C$38.56 per share.
    Decisions regarding the timing of future repurchases of shares of Thomson
Reuters Corporation or Thomson Reuters PLC will be based on market conditions,
share price and other factors. Thomson Reuters may elect to suspend or
discontinue share repurchases at any time. Shares that are repurchased will be
cancelled.
    From time to time, when Thomson Reuters does not possess material
nonpublic information about itself or its securities, it may enter into a
pre-defined plan with its brokers to allow for the repurchase of shares at
times when Thomson Reuters ordinarily would not be active in the market due to
its own internal trading blackout periods, insider trading rules or otherwise.
Any such plans entered into with Thomson Reuters brokers will be adopted in
accordance with the requirements of applicable Canadian and English securities
laws and Rule 10b5-1 under the U.S. Securities Exchange Act of 1934.
    A copy of Thomson Reuters notice of intention related to the NCIB is
available at www.thomsonreuters.com within the "Investor Relations" -
"Regulatory Filings" section of the website.  The notice has also been filed
with the Canadian securities regulatory authorities and is available on the
SEDAR website at www.sedar.com, and it has also been furnished to the U.S.
Securities and Exchange Commission through EDGAR on Form 6-K and is available
at www.sec.gov.
    
    About 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, scientific, healthcare 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 in 93 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 www.thomsonreuters.com.
    
    Cautionary Note Concerning Factors That May Affect Future Results
    
    This news release includes forward-looking statements that are based on
certain assumptions and reflect Thomson Reuters current expectations.
Forward-looking statements are those that are not historical facts and include
Thomson Reuters expectations about its share repurchase plans.  Forward-
looking statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from current
expectations. Some of the factors that could cause actual results to differ
materially from current expectations are discussed in materials filed by
Thomson Reuters Corporation and Thomson Reuters PLC from time to time with
securities regulatory authorities. Thomson Reuters 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.

    
    Fred Hawrysh
    Global Director, Corporate Affairs
    + 1 203 539 8314
    fred.hawrysh@thomsonreuters.com
    

    
    Frank Golden
    Senior Vice President, Investor Relations
    1.203 539 8470
    frank.golden@thomsonreuters.com
    

    
    Frank DeMaria
    Global Director, Media Relations
    + 1 646 223 5507
    frank.demaria@thomsonreuters.com
    

    
    Victoria Brough
    Head of Corporate Communications, EMEA
    +44 (0) 207 542 8763
    victoria.brough@thomsonreuters.com
    




For further information:

For further information: Fred Hawrysh, Global Director, Corporate
Affairs,  +1-203-539- 8314, fred.hawrysh@thomsonreuters.com, Frank Golden,
Senior Vice  President, Investor Relations, +1-1-203-539-8470, 
frank.golden@thomsonreuters.com, Frank DeMaria, Global Director, Media 
Relations, +1-646-223-5507, frank.demaria@thomsonreuters.com, or Victoria 
Brough, Head of Corporate Communications, EMEA, +44 (0) 207 542 8763, 
victoria.brough@thomsonreuters.com Web Site: http://www.thomson.com/


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