Q: Hi Peter and Team,
Normally, I don't attend Meetings of shareholders, but I do vote online.
Thomson Reuters Corporation is having a Special Meeting of Shareholders in late April, to:
1. Consider, pursuant to an interim order of the Ontario Superior Court of Justice (Commercial List) dated March 11, 2026, and,
if deemed advisable, to approve, with or without amendment, a special resolution approving a plan of arrangement pursuant
to Section 182 of the Business Corporations Act (Ontario) (OBCA) under which Thomson Reuters Corporation will (i) make a
special cash distribution of $605 million in the aggregate, and (ii) consolidate its outstanding common shares (or “reverse
stock split”) on a basis that is proportional to the special cash distribution, as described in the accompanying circular; and
2. Transact any other business properly brought before the meeting and any adjourned or postponed meeting.
Given that the share price has declined significantly, do such meetings for the Corporation provide an opportunity to discuss steps they may be taking to improve the share price?
Thanks as always for your valued insight and perspectives.
Normally, I don't attend Meetings of shareholders, but I do vote online.
Thomson Reuters Corporation is having a Special Meeting of Shareholders in late April, to:
1. Consider, pursuant to an interim order of the Ontario Superior Court of Justice (Commercial List) dated March 11, 2026, and,
if deemed advisable, to approve, with or without amendment, a special resolution approving a plan of arrangement pursuant
to Section 182 of the Business Corporations Act (Ontario) (OBCA) under which Thomson Reuters Corporation will (i) make a
special cash distribution of $605 million in the aggregate, and (ii) consolidate its outstanding common shares (or “reverse
stock split”) on a basis that is proportional to the special cash distribution, as described in the accompanying circular; and
2. Transact any other business properly brought before the meeting and any adjourned or postponed meeting.
Given that the share price has declined significantly, do such meetings for the Corporation provide an opportunity to discuss steps they may be taking to improve the share price?
Thanks as always for your valued insight and perspectives.
5i Research Answer:
Companies will often make prepared statements at meetings, but it is not likely to be anything different than what has already been publicly disclosed (if so it also has to be press released at the same time). Thus, we would not really expect any new material details on how they can address the share price decline.