Thomson Reuters Corporation announced that it has received approval from the Toronto Stock Exchange for the annual renewal of its normal course issuer bid. Under the renewed NCIB, up to 5 million common shares (which represents approximately 1% of Thomson Reuters issued and outstanding common shares) may be repurchased between January 4, 2021 and January 3, 2022. Thomson Reuters has set a target to maintain approximately 500 million common shares outstanding by using share repurchases to offset dilution associated with its dividend reinvestment and equity incentive plans. On December 24, 2020, there were 497,117,528 Thomson Reuters common shares outstanding. For its NCIB that began on August 19, 2019 and expired on August 18, 2020, Thomson Reuters previously received approval from the TSX to repurchase up to 25 million common shares. Of this amount, Thomson Reuters repurchased approximately 6.9 million common shares for a total cost of approximately US$500 million, representing an average price of US$72.61 per share.
Bauer Magazine Media publishes some of the world’s best loved magazines, delivering entertaining and inspirational content for readers and significant reach for brand partners.
Bauer Media remains the UK’s leading consumer magazine publisher by total paid-for copies sold and Retail Sales Value.
Commenting on the results Rob Munro-Hall, Group Managing Director, Bauer Magazine Media UK said: “Bauer Media retains its leading position in the highly competitive TV Listings and True Life markets. We’re extremely proud of our performance this period – TV Choice is the only magazine in the UK to sell over 1 million copies a week and Take a Break’s monthly companion magazine has seen an impressive 25% YOY uplift. We’ve also seen continuing success for our Specialist magazines, particularly our gardening titles Garden News and Garden Answers, whilst Practical Photography is the fastest growing monthly magazine in the UK. These standout performances demonstrate how magazines play a critical role in the lives of our readers, creating meaningful connections in a truly trusted environment. Our world class editorial teams are tireless in ensuring that they have a deep understanding of their audiences, both through insight and instinct. This enables us to deliver content that has a strong cultural impact whatever the passion area and brings readers back every week or month.”
HIGHLIGHTS THIS PERIOD:
•Bauer Media retains its position as No.1 in the TV Listings market
•TV Choice celebrates 11th successive year at the top – the only magazine in the UK to sell over 1 million copies every week
•Bauer Media is the UK’s No.1 publisher in the True Life market, selling over 700,000 copies every week
•Take a Break leads the market and is the UK’s No1 women’s weekly while its monthly companion magazine records a spectacular growth performance, up 25% YOY
•Garden Answers records its ninth consecutive YOY increase
•Garden News is the UK’s No.1 weekly gardening title
•Practical Photography is the fastest growing monthly magazine in the UK, up 55.8% YOY
•Bauer Media’s Hobbies portfolio shows growth with YOY increases from Country Walking, Trail, Steam Railway, Model Rail, Rail and Bird Watching
•MCN remains market leader while Bike is the best-selling monthly motorcycle magazine in the UK
•CAR magazine has had an outstanding year, up 6.8% year-on-year
more at: http://www.bauermedia.co.uk/newsroom/press/bauer-media-july-december-2017-magazine-abcs