Shares
Thomson Reuters' share structure
Wednesday 22 July 2009
I hope I can set a predecessor's mind at ease: when Thomson Reuters was created, it was created as a dual listed company. Thomson Reuters Corp is domiciled in Toronto and Thomson Reuters PLC has been in London. There has been one Reuters Founders Share in each of the two companies. Obviously if one of the two companies in the dual structure goes away so too will its founders share, but the other remains. I can assure all that from my perspective as Editor-in-Chief, the current Reuters Founders Share Company directors take a vigorous and active interest in the company and in editorial. That interest and engagement has, if anything, increased in the months before and after the consummation of the deal, particularly if I compare it to, say, a decade earlier.
David Schlesinger
David Schlesinger
Thomson Reuters' share structure
Tuesday 21 July 2009
There is a very interesting and immensely important statement in the management information circular about the changing share structure of Thomson Reuters. That statement is: “Thomson Reuters will seek to redeem and cancel the Reuters Founders share in the capital of Thomson Reuters PLC.” That share is the only tool the directors of the Founders Share Company, whom we used to refer to as the trustees, have to do anything whatever.
Michael Reupke
Michael Reupke
