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Thomson Reuters plans additional $1bn share buyback programme

06 May 2015  |  1504 views  |  0 Source: Thomson Reuters

Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today announced that it plans to repurchase up to an additional $1 billion of its common shares by the end of 2016.

In July 2014, the company announced plans to repurchase up to $1 billion of its shares by the end of 2015. The company has completed substantially all of those repurchases at this time.

Decisions regarding any future repurchases will be based on market conditions, share price and other factors, including opportunities to invest capital for growth.

Thomson Reuters has been repurchasing shares under a normal course issuer bid (NCIB) that began on May 28, 2014 and expires on May 27, 2015. The company intends to renew its NCIB at the expiration of its current NCIB, subject to regulatory approval. 

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