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W. Edmund Clark, C.M. to Complete Service on Thomson Reuters' Board of Directors at AGM

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Thomson Reuters (TSX/NYSE: TRI) announced that W. Edmund Clark will complete his 10-year service on the company's Board of Directors at the 2025 Annual General Meeting (AGM). Clark, who has served as a representative of principal shareholder Woodbridge since 2015, chaired the Human Resources Committee and served on the Corporate Governance Committee.

Woodbridge and Thomson Reuters are working to identify two new director candidates to serve as Woodbridge representatives for nomination at the AGM. The announcement includes an early warning disclosure regarding Woodbridge and Thomson Investments 's ownership of Thomson Reuters shares, with TIL beneficially owning 69.7% (313,465,179 shares) and Woodbridge owning 66.8% (300,508,139 shares) of outstanding common shares.

Thomson Reuters (TSX/NYSE: TRI) ha annunciato che W. Edmund Clark completerà il suo servizio di 10 anni nel Consiglio di Amministrazione dell'azienda durante l'Assemblea Generale Annuale (AGM) del 2025. Clark, che ha servito come rappresentante del principale azionista Woodbridge dal 2015, ha presieduto il Comitato Risorse Umane ed è stato membro del Comitato di Governance Aziendale.

Woodbridge e Thomson Reuters stanno lavorando per identificare due nuovi candidati alla carica di direttore da nominare come rappresentanti di Woodbridge per l'AGM. L'annuncio include una comunicazione di avviso anticipato riguardo alla proprietà di azioni di Thomson Reuters da parte di Woodbridge e Thomson Investments, con TIL che detiene beneficamente il 69,7% (313.465.179 azioni) e Woodbridge che possiede il 66,8% (300.508.139 azioni) delle azioni ordinarie in circolazione.

Thomson Reuters (TSX/NYSE: TRI) anunció que W. Edmund Clark completará su servicio de 10 años en la Junta Directiva de la empresa en la Asamblea General Anual (AGM) de 2025. Clark, quien ha ejercido como representante del principal accionista Woodbridge desde 2015, presidió el Comité de Recursos Humanos y formó parte del Comité de Gobernanza Corporativa.

Woodbridge y Thomson Reuters están trabajando para identificar dos nuevos candidatos a director que sirvan como representantes de Woodbridge para su nominación en la AGM. El anuncio incluye una divulgación de advertencia anticipada sobre la propiedad de acciones de Thomson Reuters por parte de Woodbridge y Thomson Investments, con TIL poseyendo beneficiosamente el 69,7% (313.465.179 acciones) y Woodbridge poseyendo el 66,8% (300.508.139 acciones) de las acciones ordinarias en circulación.

톰슨 로이터 (TSX/NYSE: TRI)는 W. 에드먼드 클락이 2025년 연례 총회(AGM)에서 회사를 10년간 이끌어 온 이사직을 마무리한다고 발표했습니다. 클락은 2015년부터 주요 주주인 우드브리지의 대표로 활동하며 인사위원회를 주재하고 기업 거버넌스 위원회에서 활동했습니다.

우드브리지와 톰슨 로이터는 AGM에 노미네이트할 우드브리지 대표 이사 후보 두 명을 찾기 위해 작업하고 있습니다. 이 발표에는 우드브리지와 톰슨 투자들이 톰슨 로이터 주식을 보유하고 있다는 조기 경고 공시가 포함되어 있으며, TIL은 69.7%(313,465,179주)를, 우드브리지는 66.8%(300,508,139주)의 보통주를 소유하고 있습니다.

Thomson Reuters (TSX/NYSE: TRI) a annoncé que W. Edmund Clark terminerait son mandat de 10 ans au sein du Conseil d'Administration de l'entreprise lors de l'Assemblée Générale Annuelle (AGM) de 2025. Clark, qui a été le représentant de l'actionnaire principal Woodbridge depuis 2015, a présidé le Comité des Ressources Humaines et a siégé au Comité de Gouvernance d'Entreprise.

Woodbridge et Thomson Reuters travaillent à l'identification de deux nouveaux candidats pour le poste de directeur afin de servir de représentants de Woodbridge pour nomination lors de l'AGM. L'annonce comprend une divulgation d'avertissement précoce concernant la propriété des actions de Thomson Reuters par Woodbridge et Thomson Investments, avec TIL possédant avantageusement 69,7 % (313.465.179 actions) et Woodbridge possédant 66,8 % (300.508.139 actions) des actions ordinaires en circulation.

Thomson Reuters (TSX/NYSE: TRI) hat bekannt gegeben, dass W. Edmund Clark sein 10-jähriges Mandat im Vorstand des Unternehmens bei der Hauptversammlung (AGM) 2025 abschließen wird. Clark, der seit 2015 als Vertreter des Hauptaktionärs Woodbridge fungiert, leitete den Ausschuss für Personalangelegenheiten und war Mitglied des Ausschusses für Unternehmensführung.

Woodbridge und Thomson Reuters arbeiten daran, zwei neue Kandidaten für die Vorstand position zu finden, die als Vertreter von Woodbridge zur Nominierung bei der Hauptversammlung vorgeschlagen werden. Die Ankündigung enthält eine frühzeitigeWarnung bezüglich des Anteilsbesitzes von Woodbridge und Thomson Investments an den Thomson Reuters-Aktien, wobei TIL vorteilhaft 69,7 % (313.465.179 Aktien) und Woodbridge 66,8 % (300.508.139 Aktien) der ausgegebenen Stammaktien besitzt.

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TORONTO, Dec. 23, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, and The Woodbridge Company Limited ("Woodbridge"), Thomson Reuters' principal shareholder, today announced that after 10 years as a director, W. Edmund Clark, C.M. would complete his service on the Thomson Reuters board (the "Board") at Thomson Reuters' upcoming annual meeting of shareholders to be held in 2025 (the "AGM"). Mr. Clark has served on the Board as a representative of Woodbridge since 2015 and has actively contributed to the Board and the organization including through chairing the Human Resources Committee and serving on the Corporate Governance Committee. 

Woodbridge and Thomson Reuters are currently working to identify two suitable director candidates to serve as representatives of Woodbridge who are intended to be nominated for election to the Board at the AGM.

"Ed is a phenomenal director and individual who has made his mark on Thomson Reuters", said Steve Hasker, President and CEO, Thomson Reuters. "With his passion for AI, talent and customer centricity, he has been instrumental to our growth and success and, on a personal note, he has been a trusted advisor and friend to me."

Early Warning Disclosure

This press release is being issued by Woodbridge pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), which requires a report to be filed under Thomson Reuters' profile on SEDAR+ (www.sedarplus.com) containing additional information respecting the foregoing matters. Thomson Reuters' head office address is 19 Duncan St., Toronto, Ontario, M5H 3H1, Canada.

Woodbridge and Thomson Investments Limited ("TIL"), a holding company of Woodbridge, have filed on SEDAR+ an amended early warning report in compliance with NI 62-103 to disclose changes in certain material facts relating to their ownership of common shares of Thomson Reuters ("Common Shares") as a result of Mr. Clark's pending retirement.

TIL is the beneficial owner of 313,465,179 Common Shares, representing approximately 69.7% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 300,508,139 Common Shares, representing approximately 66.8% of the outstanding Common Shares.

For further information, including a copy of the corresponding report filed with Canadian securities regulators, please visit www.sedarplus.com or contact The Woodbridge Company Limited, 65 Queen Street West, Suite 2400, Toronto, Ontario, M5H 2M8, Canada, Attention: Stephanie Rogoza (srogoza@woodbridge.com), 416.364.8700.

Thomson Reuters

Thomson Reuters (TSX/NYSE: TRI) ("TR") informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.

About Woodbridge

The Woodbridge Company Limited is the primary investment vehicle for the Thomson family of Canada. It has a number of investments, including a majority stake in Thomson Reuters, listed on the Toronto and New York stock exchanges.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS

Certain statements in this news release, including, but not limited to, statements relating to Mr. Clark's pending completion of service on the Board and Woodbridge's and Thomson Reuters' expectations regarding the identification of replacement director candidates, are forward-looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While Woodbridge and Thomson Reuters believe that they have a reasonable basis for making the forward-looking statements in this news release, they are not a guarantee of future outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond the company's control and the effects of them can be difficult to predict.

Some of the material risk factors that could cause actual results or events to differ materially from those expressed in or implied by forward-looking statements in this news release include, but are not limited to, those discussed on pages 19-35 in the "Risk Factors" section of the company's 2023 annual report. These and other risk factors are discussed in materials that Thomson Reuters from time-to-time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (SEC). Thomson Reuters annual and quarterly reports are also available in the "Investor Relations" section of tr.com.

Except as may be required by applicable law, Woodbridge and Thomson Reuters disclaim any obligation to update or revise any forward-looking statements.

CONTACTS

MEDIA
Gehna Singh Kareckas
Senior Director, Corporate Affairs
+1 613 979 4272
gehna.singhkareckas@tr.com

INVESTORS
Gary Bisbee, CFA
Head of Investor Relations
+1 646 540 3249
gary.bisbee@tr.com

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SOURCE Thomson Reuters

FAQ

When will W. Edmund Clark step down from Thomson Reuters (TRI) Board of Directors?

W. Edmund Clark will complete his service on Thomson Reuters' Board of Directors at the company's 2025 Annual General Meeting (AGM).

How long has W. Edmund Clark served on Thomson Reuters (TRI) Board?

W. Edmund Clark has served as a director on Thomson Reuters' Board for 10 years, since 2015, as a representative of Woodbridge.

What is Woodbridge's current ownership stake in Thomson Reuters (TRI)?

Woodbridge beneficially owns approximately 66.8% of Thomson Reuters' outstanding common shares, representing 300,508,139 shares.

How many new directors will replace W. Edmund Clark on Thomson Reuters (TRI) Board?

Woodbridge and Thomson Reuters are working to identify two new director candidates to serve as Woodbridge representatives on the Board.

What committees did W. Edmund Clark serve on at Thomson Reuters (TRI)?

W. Edmund Clark served as chair of the Human Resources Committee and was a member of the Corporate Governance Committee.

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