Thomson Reuters (TRI) announced that it plans to repurchase up to $1B of its shares. Purchases of shares will occur under a new normal course issuer bid that has been approved by the Toronto Stock Exchange. Under the new NCIB, up to 10M common shares may be repurchased between August 19 and August 18, 2026. Under the NCIB, shares may be repurchased in open market transactions on the TSX, the Nasdaq Global Select Market (Nasdaq) and/or other exchanges and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law, including private agreement purchases or share purchase program agreement purchases if Thomson Reuters receives, if applicable, an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases.
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