TORONTO, Dec. 23,
2024 /CNW/ -- Thomson Reuters (TSX/NYSE: TRI), a
global content and technology company, and The Woodbridge Company
Limited ("Woodbridge"),
Thomson Reuters' principal shareholder, today announced that after
10 years as a director, W. Edmund
Clark, C.M. would complete his service on the Thomson
Reuters board (the "Board") at Thomson Reuters' upcoming
annual meeting of shareholders to be held in 2025 (the
"AGM"). Mr. Clark has served on the Board as a
representative of Woodbridge since
2015 and has actively contributed to the Board and the organization
including through chairing the Human Resources Committee and
serving on the Corporate Governance Committee.
Woodbridge and Thomson Reuters
are currently working to identify two suitable director candidates
to serve as representatives of Woodbridge who are intended to be nominated
for election to the Board at the AGM.
"Ed is a phenomenal director and individual who has made his
mark on Thomson Reuters", said Steve
Hasker, President and CEO, Thomson Reuters. "With his
passion for AI, talent and customer centricity, he has been
instrumental to our growth and success and, on a personal note, he
has been a trusted advisor and friend to me."
Early Warning Disclosure
This press release is being issued by Woodbridge pursuant to National Instrument
62-103 – The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues ("NI 62-103"), which requires a
report to be filed under Thomson Reuters' profile on SEDAR+
(www.sedarplus.com) containing additional information respecting
the foregoing matters. Thomson Reuters' head office address is 19
Duncan St., Toronto, Ontario, M5H
3H1, Canada.
Woodbridge and Thomson
Investments Limited ("TIL"), a holding company of
Woodbridge, have filed on SEDAR+
an amended early warning report in compliance with NI 62-103 to
disclose changes in certain material facts relating to their
ownership of common shares of Thomson Reuters ("Common
Shares") as a result of Mr. Clark's pending retirement.
TIL is the beneficial owner of 313,465,179 Common Shares,
representing approximately 69.7% of the outstanding Common Shares.
Of those Common Shares, Woodbridge
is the beneficial owner of 300,508,139 Common Shares, representing
approximately 66.8% of the outstanding Common Shares.
For further information, including a copy of the corresponding
report filed with Canadian securities regulators, please visit
www.sedarplus.com or contact The Woodbridge Company Limited, 65
Queen Street West, Suite 2400, Toronto,
Ontario, M5H 2M8, Canada,
Attention: Stephanie Rogoza
(srogoza@woodbridge.com), 416.364.8700.
Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) ("TR") informs the way forward
by bringing together the trusted content and technology that people
and organizations need to make the right decisions. The company
serves professionals across legal, tax, accounting, compliance,
government, and media. Its products combine highly specialized
software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and
to help institutions in their pursuit of justice, truth, and
transparency. Reuters, part of Thomson Reuters, is a world leading
provider of trusted journalism and news. For more information,
visit tr.com.
About Woodbridge
The Woodbridge Company Limited is the primary investment vehicle
for the Thomson family of Canada. It has a number of
investments, including a majority stake in Thomson Reuters, listed
on the Toronto and New York stock
exchanges.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL
RISKS AND MATERIAL ASSUMPTIONS
Certain statements in this news release, including, but not
limited to, statements relating to Mr. Clark's pending completion
of service on the Board and Woodbridge's and Thomson Reuters' expectations
regarding the identification of replacement director candidates,
are forward-looking. The words "will", "expect", "believe",
"target", "estimate", "could", "should", "intend", "predict",
"project" and similar expressions identify forward-looking
statements. While Woodbridge and
Thomson Reuters believe that they have a reasonable basis for
making the forward-looking statements in this news release, they
are not a guarantee of future outcomes and there is no assurance
that any of the other events described in any forward-looking
statement will materialize. Forward-looking statements are subject
to a number of risks, uncertainties and assumptions that could
cause actual results or events to differ materially from current
expectations. Many of these risks, uncertainties and assumptions
are beyond the company's control and the effects of them can be
difficult to predict.
Some of the material risk factors that could cause actual
results or events to differ materially from those expressed in or
implied by forward-looking statements in this news release include,
but are not limited to, those discussed on pages 19-35 in the "Risk
Factors" section of the company's 2023 annual report. These and
other risk factors are discussed in materials that Thomson Reuters
from time-to-time files with, or furnishes to, the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission (SEC). Thomson Reuters annual and quarterly
reports are also available in the "Investor Relations" section
of tr.com.
Except as may be required by applicable law, Woodbridge and Thomson Reuters disclaim any
obligation to update or revise any forward-looking
statements.
CONTACTS
MEDIA
Gehna Singh Kareckas
Senior Director,
Corporate Affairs
+1 613 979 4272
gehna.singhkareckas@tr.com
INVESTORS
Gary Bisbee, CFA
Head of
Investor Relations
+1 646 540 3249
gary.bisbee@tr.com
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SOURCE Thomson Reuters
