Reuters shareholders to benefit from “single consolidated pool of liquidity” as Reuters announces changes to its company structure.

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has announced its plan to unify its dual listed company (DLC) structure, and says shareholders will benefit from a “single consolidated pool of liquidity”.

If the unification is approved, Thomson Reuters will remain listed on the Toronto Stock Exchange and New York Stock Exchange, but will be removed from the London Stock Exchange and Nasdaq.

Following the proposed changes, shareholders’ economic interest will remain unaffected, but instead, a number of changes will be made to the type of share the holder owns.

Thomas H. Glocer, Thomson Reuters CEO, explained the company’s reasons behind the latest changes: “Our Board has determined that consolidating the trading of our shares into a single, global and deep pool of liquidity, listed on the Toronto and New York Stock Exchanges, is in the best interests of all our shareholders.”

Mr Glocer went on to explain that UK shareholders now only represent 5% of the combined shareholder base, so the DLC structure is no longer the best structure for the Reuters shareholder base going forward.

“Our commitment to customers, employees and other stakeholders in London, the United Kingdom and Europe is unchanged by where we list our shares.”

Shareholders will vote on the changes at the shareholder meeting scheduled for 7 August 2009.