Thomson Reuters Lifts Share-Buyback Program, Plans $605 Million Capital Return

By Robb M. Stewart

Thomson Reuters is bumping up shareholder returns, lifting the scope its stock-buyback program and kicking off plans to hand out some $605 million through a capital return and consolidation of its shares.

The Canadian news-and-information provider said it plans to repurchase up to $600 million of its shares under a revised buyback program, known as a normal course issuer bid.

The amended program has been accepted by the Toronto Stock Exchange and will take effect Friday, and runs through Aug. 18. The buyback program allows for the purchase of up to 16 million shares, representing roughly 3.6% of the total issued and outstanding shares.

Reuters has to date bought just over 6 million shares under the normal course issuer bid for a cost of about $1 billion, at an average $166.05 a share.

The company said it also plans to return more money raised from the exit from its investment in the London Stock Exchange, with a special cash distribution of about $1.36 a share, for a total $605 million. This will be followed by a reverse stock split, which would reduce the number of Thomson Reuters shares on a basis proportional to the cash distribution, it said.

Shareholders will be asked to approve the planned return and share consolidation at a special meeting planned for April 28.

Reuters and Blackstone in May 2024 sold their remaining holdings in London Stock Exchange, and Thomson Reuters has been using the proceeds to seek out growth opportunities and to boost returns to its shareholders.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

February 25, 2026 07:41 ET (12:41 GMT)