Woodbridge representatives Michael Friisdahl and Paul Sagan nominated to Thomson Reuters' Board of Directors at AGM
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 the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board.
TIL is the beneficial owner of 313,508,841 Common Shares, representing approximately 69.6% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 300,551,801 Common Shares, representing approximately 66.7% 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: David Colman (dcolman@woodbridge.com), 416.364.8700.
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 Stock Exchange and the Nasdaq.
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 the nomination of Messrs. Friisdahl and Sagan to the Thomson Reuters board, are forward-looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While Woodbridge believes 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 Woodbridge's control and the effects of them can be difficult to predict.
Except as may be required by applicable law, Woodbridge disclaims any obligation to update or revise any forward-looking statements.
SOURCE The Woodbridge Company Limited
View original content: http://www.newswire.ca/en/releases/archive/April2025/16/c6010.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Canadian Tourism to the U.S. Plunges in 2025—and These States Are Impacted the Most
Travel from Canada has dropped for six straight months, with some states seeing 30 percent or more Takeaway Canadians returning to the country by automobile from the U.S. declined 33.1 percent in June. In 2024, Canadian tourism generated $20.5 billion in across America are suffering from a steep decline in Canadian tourism following a tumultuous first half of 2025. Canadians returning to the country by automobile from the United States declined 33.1% in June, compared to the same time last year, according to Canada's national statistical agency. And Canadians returning from the U.S. by air dropped 22.1 percent. In fact, the agency said June was the sixth consecutive month of year-over-year automobile declines. The dip in Canadian tourists follows a turbulent political year that saw President Donald Trump campaign to make the country the '51st state." In February, then-Prime Minister Justin Trudeau called for Canadians to not spend their money on vacations in the U.S, instead asking them to "choose Canada" and change their "summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer," according to The New York Times. As of April, advance bookings for flights from Canada to the U.S. between April and September were down more than 70% compared to the same time last year, according to Axios, citing statistics from aviation data firm OAG. Even just a small dip in tourism could be very costly since Canadian travelers typically account for the highest number of international visitors to the U.S., according to the U.S. Travel Association. In 2024 alone, a total of 20.4 million Canadians visited the country, generating $20.5 billion in spending. A 10 percent reduction in visitor numbers, for example, would equate to a potential loss of $2.1 billion. Some states will likely suffer more than others—Florida, California, Nevada, New York, and Texas tend to be the most popular states for Canadian visitors—but others have started to feel the crunch as well. In New Hampshire, which borders the eastern part of Canada, officials are seeing a dramatic drop in Canadian tourism. "Absolutely, the Canadian numbers are lower this year, for sure," Taylor Caswell, New Hampshire's commissioner for business and economic affairs, told local WMUR-TV. "They're running at about 30 percent underneath what we've seen in prior years." In Montana, credit card transactions have shown the impact of fewer tourists. Spending by Canadians in Kalispell, in the western part of the state, has decreased by an average of about 37 percent per month from January to April, Diane Medler, the executive director of Discover Kalispell, told NBC Montana. In nearby Whitefish, Canadian credit card spending has dropped 25 percent through the month of May, Zak Anderson, the executive director at Explore Whitefish, told the network. But not everyone is giving up. In September, for example, New Hampshire is planning its own trade delegation visit, WMUR-TV reported. "We're going to continue to focus on our relationships with Canada, which are quite important," the state's Gov. Kelly Ayotte said, according to the network. Read the original article on Travel & Leisure
Yahoo
43 minutes ago
- Yahoo
Billionaire inheritance feud spotlights India's messy family succession
An Indian tycoon's sudden death in June has triggered a fierce inheritance battle at an Indian automotive giant. Sunjay Kapur, 53, suffered a heart attack on 12 June while playing polo in Surrey in the UK. He was an heir to Sona Comstar, a $3.6bn (£2.7bn) business empire he inherited from his father. The company, among India's top auto component makers, has a global footprint with 10 plants spread across India, China, Mexico and the US. A polo enthusiast, Kapur moved in the elite social circles of Indian capital Delhi, and reportedly shared a friendship with Prince William. He was married three times - first to designer Nandita Mahtani, then to 90s Bollywood star Karisma Kapoor, before marrying Priya Sachdev, a former model and entrepreneur, in 2017. But weeks after his death, the question of succession has made Kapur and his family the subject of media speculation. At the centre of it is Kapur's mother Rani Kapur, former chairperson of Sona Comstar. On 24 July, Rani Kapur sent a letter to the board of Sona Comstar, raising questions about her son's death and appointments made by the company after that. In the letter, which the BBC has seen, she alleged that Kapur's death was under "highly suspicious and unexplained circumstances". The coroner's office in Surrey told the BBC that after a postmortem, it had determined that Kapur died of natural causes. "The investigation has been closed," the office said. Rani Kapur also claims to have been coerced into signing key documents while under mental and emotional distress from her son's death. "It is unfortunate that while the family and I are still in mourning, some people have chosen this as an opportune time to wrest control and usurp the family legacy," she wrote. She also asked Sona Comstar's board to postpone its annual general meeting (AGM) - which was set for 25 July - to decide on a new director who would be a representative of the family. Rani Kapur didn't specify who she meant by "some people", but Sona Comstar held the AGM the next day anyway and appointed Sunjay's wife Priya as a non-executive director. In her letter, Rani Kapur claimed she was the sole beneficiary of her late husband's estate in a will left behind in 2015 which included a majority stake in Sona Group, including Sona Comstar. The company has strongly denied Rani Kapur's claims and said that she has had "no role, direct or indirect, in Sona Comstar since at least 2019". The board also said it had no compulsion to defer to her notice and that the AGM was conducted "in full compliance with the law". The company has issued a legal notice to Rani Kapur, asking her to stop spreading "false, malicious and damaging" statements. The BBC has contacted Sona Comstar, Rani Kapur and Priya Sachdev with questions. Public shareholders, including banks, mutual funds and financial institutions, hold 71.98% of Sona Comstar, which is listed on Indian exchanges as Sona BLW. The remaining 28.02% is held by promoters via a company called Aureus Investments Pvt Ltd. According to the company's filings, Sunjay Kapur was the sole beneficiary of the RK Family Trust, which controls the promoters' stake in Sona Comstar via Aureus Investments. "Looking at the company structure, at this point of time, Rani Kapur doesn't feature as a registered shareholder so won't have any voting rights. But there is the matter of the RK Family Trust and Aureus investments. We can't really know if Rani holds any direct interest there till the agreement is made public," says Tushar Kumar, a corporate litigator at India's Supreme Court. The Kapur family's feud isn't an isolated case. Some 90% of listed companies in India are family-controlled, yet only 63% have a formal succession plan in place, according to a PwC survey. Kavil Ramachandran of the Indian School of Business says most Indian family businesses operate with "significant ambiguity about specifics". "One such [area] is who owns how much and who inherits and when," he adds. Experts say family involvement without meritocracy and absence of formal agreements complicate matters. "On the demise of the patriarch (or even before), disputes arise, both on ownership and on management, and too much water would have flowed under the bridge for issues to be resolved amicably," said Ketan Dalal, who advises several Indian business families on ownership structures. India Inc. is strewn with bitter succession battles that repeatedly grab headlines. Mukesh Ambani, Asia's richest man, was once embroiled in a very public power struggle with his younger brother over the sprawling Reliance empire after their father Dhirubhai Ambani died in 2002 without leaving a will. It was their mother, Kokilaben, who brokered peace years later. More recently, family feuds have erupted at the Raymond Group, India's most famous textiles company, and among the Lodha brothers, whose company built the Trump tower in Mumbai. All of this has often come at a great cost to Indian shareholders. "Anyone who has kept infinite control in their hands has suffered. In the end it's the company that suffers, the stock prices go down and [so does] the perception of how the company will do in the future," says Sandeep Nerlekar, founder and managing director of legacy planning firm Terentia. But some families are now once bitten, twice shy. The Bajaj family, one of the country's biggest conglomerates, faced internal wrangling over succession until a court stepped in during the 2000s to resolve the dispute. The patriarch mapped out a succession plan for the group, dividing responsibilities between his sons and cousin. As per the company's statement, the group now operates through consensus via a family council. Last year, one of India's oldest business houses, the locks-to-real estate Godrej Group, announced an uncharacteristically amicable separation of their multi-billion dollar business. "Families need to work on succession planning with governance structures like a good board that has teeth. They should be given some control so that the business can grow long term. Also you need to allow the next generation to take the lead well in time and the patriarch should take the time to groom them so that family issues don't happen," says Mr Nerlekar. The likes of Mukesh Ambani appear to have taken that seriously, having begun grooming his three children well in advance. Mr Ramachandran says that succession is not something that can be decided "overnight". "Preparing both the family and the operating team over a planned transition period is crucial." Follow BBC News India on Instagram, YouTube, Twitter and Facebook. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Epoch Times
5 hours ago
- Epoch Times
Union Launches Campaign Against BC Ferries' Contract for Chinese-Built Vessels, Urging Domestic Manufacturing
A B.C. workers' union has launched a campaign opposing plans to build four new B.C. Ferries vessels in China and advocating for domestic firms to be prioritized, saying the deal with the foreign shipyard will result in lost Canadian wages, tax revenue, and economic opportunity. The BC Ferry and Marine Workers' Union has launched a campaign called 'Build Them Here,' encouraging citizens to ask the provincial and federal governments to keep shipbuilding contracts in Canada. The union says the recent decision by BC Ferries, a publicly owned ferry operator, to hire a Chinese state-owned shipyard to build four new vessels means public money is being used to support economies abroad instead of creating jobs locally.
