TORONTO, Sept. 7,
2023 /CNW/ -- Thomson Reuters (TSX/NYSE: TRI)
announced today that it and certain investment funds affiliated
with Blackstone collectively sold 35.0 million London Stock
Exchange Group PLC (LSEG) shares that they co-own at a price of
£79.50 per share. The sale was conducted through a placement to
institutional investors, an offer to retail investors, and includes
approximately 9.5 million shares sold directly to LSEG in
satisfaction of their previously announced intention to conduct a
directed buyback of up to £750 million.
Of the shares sold, approximately 15.0 million were indirectly
owned by Thomson Reuters. Upon the closing of the transaction,
Thomson Reuters expects to receive pre-tax net proceeds of
approximately $1.5 billion and will
own approximately 16.9 million LSEG shares.
As part of the transaction, the parties entered into agreements
to sell call options on approximately 8.2 million shares of LSEG,
with maturity dates in 2023 and 2024. Thomson Reuters portion of
the call options is approximately 3.5 million shares.
About Thomson Reuters
Thomson Reuters (NYSE / TSX: 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.
CONTACTS
MEDIA
Andrew Green
Senior Director,
Corporate Affairs
+1 332 219
1511
andrew.green@tr.com
|
INVESTORS
Gary E. Bisbee,
CFA
Head of Investor
Relations
+1 646 540
3249
gary.bisbee@tr.com
|
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SOURCE Thomson Reuters