Scheme of arrangement
17 April 2008 - 3:17AM
UK Regulatory
RNS Number:5105S
Reuters Group PLC
16 April 2008
16 April 2008
Reuters Group PLC
Announcement of Court approval of the reduction of capital of Reuters Group PLC
pursuant to the Scheme of Arrangement
Reuters Group PLC (Reuters or the Company) announces that the capital reduction
comprised within the proposed scheme of arrangement under section 425 of the
Companies Act 1985 (the Scheme) to effect the acquisition of the Company by The
Thomson Corporation (Thomson) has today been confirmed by the Court. The Scheme
is expected to become effective on 17 April 2008 upon the registration by the
Registrar of Companies of an office copy of the Court Order confirming the
capital reduction.
The listing of the Ordinary Shares of the Company on the Official List of the UK
Listing Authority and the trading of such shares on the London Stock Exchange's
main market for listed securities will be cancelled at Reuters request, with
effect from 8.00 a.m. on Thursday 17 April 2008.
Capitalised terms used, but not defined, in this announcement have the meaning
given to them in the circular in relation to the Scheme posted to Reuters
Shareholders on 29 February 2008.
The intended timetable for implementation of the Scheme is as follows (all times
are British Summer Time, except as otherwise noted):
Scheme becomes effective by 8.00 a.m. on 17 April 2008
Cancellation of listing of Reuters shares 8.00 a.m. on 17 April 2008
Issue of Thomson Reuters PLC shares 8.00 a.m. on 17 April 2008
Commencement of dealings in Thomson Reuters 8.00 a.m. on 17 April 2008
PLC shares
Commencement of dealings in Thomson Reuters 9.30 a.m. (Eastern Time)
PLC ADSs on 17 April 2008
Crediting of Thomson Reuters PLC shares to 17 April 2008
CREST accounts
Latest date for despatch of cheques and 1 May 2008
share certificates, and settlement through
CREST in respect of the consideration due
under the Scheme
About Reuters
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Reuters now also supplies its trusted content direct to individuals. Reuters
drives decision making across the globe based on a reputation for speed,
accuracy and independence. Reuters has 17,900 staff in 143 countries, including
over 2,300 editorial staff in 197 bureaux serving 132 countries. In 2007,
Reuters revenues were �2.6 billion.
Contacts
Investor Relations enquiries
Chris Collett
Head of Investor Relations
+44 (0) 207 542 2867
+44 (0) 7990 561071
chris.collett@reuters.com
Media enquiries
Frank De Maria
Head of Media Relations
+1 917 215 4484
frank.demaria@reuters.com
Victoria Brough
Global Head of Financial PR
+44 (0) 207 542 8763
+44 (0) 7967 044840
victoria.brough@reuters.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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