Reuters Finance PLC - Notice to Note Holders
Reuters Finance PLC - Notice to Note Holders
April 17, 2008 at 4:27 PM EDT
Reuters Finance PLC
17 April 2008
17 April 2008
NOTICE TO NOTEHOLDERS FROM
REUTERS GROUP PLC
and
REUTERS FINANCE PLC
in respect of
JPY 1,000,000,000 FIXED RATE NOTES DUE 25 JUNE 2008
ISSUED BY REUTERS GROUP PLC
ISIN: XS0171205650
EUR 250,000,000 FLOATING RATE NOTES DUE 28 NOVEMBER 2008
ISSUED BY REUTERS GROUP PLC
ISIN: XS0276892303
EUR 500,000,000 4.625 PER CENT. GUARANTEED NOTES DUE 19 NOVEMBER 2010,
ISSUED BY REUTERS FINANCE PLC AND GUARANTEED BY REUTERS GROUP PLC
ISIN: XS0180277393
(the 'Notes')
To: Holders of the Notes processed through Euroclear Bank S.A./N.V. as operator
of the Euroclear System and Clearstream Banking, societe anonyme
Cc: Citibank, N.A. (as Agent)
21st Floor
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
Attention: MTN Issuance Desk
Telefax: 020 7508 3875
Following the acquisition on Thursday 17 April 2008 by The Thomson Corporation
of Reuters Group PLC by implementing a dual listed company structure, Thomson
Reuters has two parent companies - The Thomson Corporation, renamed as Thomson
Reuters Corporation (an Ontario company), and Thomson Reuters PLC (a UK
company).
Effective upon closing, Reuters Group PLC became a wholly-owned subsidiary of
Thomson Reuters PLC. Notes previously issued or guaranteed by Reuters Group PLC
will continue to be obligations of the same company. Reuters Group PLC will be
renamed as Reuters Group Limited.
Cross guarantees - Thomson Reuters Corporation and Thomson Reuters PLC have each
guaranteed all contractual obligations of the other company existing at the time
of closing and other obligations as agreed. The cross guarantees will also cover
contractual obligations of other parties to the extent they are guaranteed by
one of the parent companies.
Downstream PLC guarantee - In addition, Thomson Reuters PLC has guaranteed all
contractual obligations of Reuters Group PLC existing at the time of closing,
including all contractual obligations of Reuters Finance PLC to the extent
guaranteed by Reuters Group PLC. The result of this 'downstream' guarantee is
that those obligations will be covered by Thomson Reuters Corporation's cross
guarantee of Thomson Reuters PLC's obligations.
Through these cross guarantees and the downstream guarantee from Thomson Reuters
PLC, Holders of the Notes are provided with credit support at both top company
levels of Thomson Reuters. It is anticipated that both parent companies will
have the same credit rating given they will be exposed to the credit risk of the
other.
The cross guarantees and the downstream guarantee and financial information in
respect of Thomson Reuters Corporation and Thomson Reuters PLC will be available
for inspection at the specified office of the Agent.
For further information, please contact:
Name: Frank Golden
Senior Vice President
Thomson Reuters Investor Relations
Phone number: +1 203 539 8470
Email Frank.Golden@Thomson.com
Yours faithfully
REUTERS GROUP PLC
REUTERS FINANCE PLC
This information is provided by RNS
The company news service from the London Stock Exchange