Reuters Capital Plan Approved

Reuters shareholders yesterday approved a capital restructuring of the media and information group, clearing the way for the return of £1.5 billion to investors. The group announced plans for the return of the excess cash in December. This involved establishing a new holding company to acquire Reuters Holdings for a mixture of new shares and cash. It was announced on Monday that trading in Reuters Holdings shares would cease after February 17, with dealings in the new Reuters Group starting in London and on the US Nasdaq market the following day. Shareholders will receive their cash entitlements the following week.