SECURITIES AND
EXCHANGE COMMISSION
|
REUTERS GROUP PLC (Registrant) By: /s/ Nancy C. Gardner |
Dated: October 11, 2001 |
5 September 2001 Reuters Names Heads of Four Customer SegmentsLondon Reuters, the global news, information and technology group, today named the executives who will be heading its four customer segments. In June the Company announced that it was reorganising its operations into four principal customer segments: Asset Management, Investment Banking and Brokerage, Corporates and Media, and Treasury. Jane Platt, who joins Reuters from Barclays Stockbrokers, is to head the Asset Management segment. Devin Wenig will manage the Investment Banking and Brokerage segment. Sarah Dunn will be responsible for Corporates and Media and Julie Holland will lead Treasury. The four executives will report to Philip Green, Reuters Chief Operating Officer. Devin Wenig and Sarah Dunn will be based in New York and Jane Platt and Julie Holland in London. Tom Glocer, Reuters Chief Executive, commented: In June we announced our intention to structure our business around four customer segments designed to deliver revenue growth, higher margins and enhanced customer service. Over the summer we made good progress on our Business Transformation Programme and now have the four segment heads and other senior executives in place to lead Reuters through this exciting period of change. I am delighted that a professional of Jane Platts experience and standing is joining Reuters to head our new asset management segment. We felt it was important to recruit a market insider to lead our efforts to grow Reuters business in this high potential sector. Jane Platt (44) was appointed Chief Executive of Barclays Stockbrokers and Barclays Bank Trust Co. in 1997. Under her leadership these businesses were transformed into one profitable, integrated organisation, Barclays Stockbrokers, employing some 1,800 people. Barclays Stockbrokers became the UK market leader in execution-only broking and segregated asset management for the affluent segment, with growing advisory broking and fiduciary services capabilities. Jane has worked in the City since 1979 when she trained as an institutional fund manager. She was a senior pension fund manager with Mercury Asset Management before she joined BZW Investment Management (BZWIM) in 1988 as Business Development Director. BZWIM became market leader in index tracking funds while she held that role. Jane was promoted to other UK and European roles within BZWIM, including Managing Director and finally Chief Operating Officer for Barclays Asset Management at the time of the acquisition of Wells Fargo Nikko Investment Advisors. Devin Wenig (35) was appointed President, Reuters Information in January 2001. In recent months, he has been leading the pending acquisition of the principal US assets of Bridge Information Systems Inc. Devin joined Reuters in 1993 as Corporate Counsel, |
Reuters America and subsequently held a series of senior marketing and management positions within the Group. He is a director of several Reuters subsidiaries and portfolio companies including Aether Systems, Multex.com, and Loan Pricing Corporation. Sarah Dunn (41) became Chief Executive Officer of Reuters Lipper subsidiary in January 2000. Sarah joined Reuters in 1986 in the UK and transferred to Reuters America in 1995 as Vice President, Marketing. She has subsequently held a series of management roles at Reuters America including that of Executive Vice President, Global Accounts. Julie Holland (50) was appointed Managing Director of Reuters UK and Ireland in 1996, having previously been Deputy Managing Director of the region for two years. She joined Reuters in 1975 and held a series of sales and marketing roles in both the UK and The Netherlands. In 1985, Julie became Marketing Manager for Instinet in the UK and returned to the Reuters UKI operation as Sales Manager in 1988. Pictures available at www.about.reuters.com/investormedia/image_library/personnel.asp EndContacts: |
Adrian Duffield | Tel: +44 (0)20 7542 4890 | ||
Corporate Relations - UK | |||
peter.v.thomas@reuters.com or adrian.duffield@reuters.com |
Nancy Bobrowitz/Felicia Cosby | Tel: +1 646 223 5220/5223 | ||
Corporate Communications - USA | |||
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com |
Note to editors:Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Reuters is the worlds largest international text and television news agency with 2,260 journalists, photographers and camera operators in 190 bureaux. In 2000 the Group had revenues of £3.59 billion and on 30 June 2001, the Group employed 19,081 staff in 210 cities in 99 countries. Reuters celebrates its 150th anniversary this year. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
24 September 2001 Reuters agrees to sell VentureOne For £21M23/01 London Reuters, the global information and news group, has agreed to sell its majority stake in VentureOne Corporation to Wicks Business Information, LLC subject to customary closing conditions for a consideration of £21 million in cash. Reuters expects to realise in the order of £17 million of pre-tax profit in the second half of this year. VentureOne Corporation, based in San Francisco, provides information and research for the venture capital investment industry. Reuters acquired VentureOne in January 1999. EndContact |
Peter Thomas/Adrian Duffield | Tel: +44 (0) 20 7542 4890/4728 | ||
Corporate Relations - UK | |||
peter.v.thomas@reuters.com or adrian.duffield@reuters.com | |||
Nancy Bobrowitz/Felicia Cosby | Tel: +1 646-223-5220/5223 | ||
Corporate Communications - USA | |||
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com |
Note to editors:Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Reuters is the worlds largest international text and television news agency with 2,260 journalists, photographers and camera operators in 190 bureaux. In 2000 the Group had revenues of £3.59 billion and on 30 June 2001, the Group employed 19,081 staff in 210 cities in 99 countries. Reuters celebrates its 150th anniversary this year. This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months to 30 June 2001 under the heading Risk Factors. Copies of the Interim Statement and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ. |
Reuters and the sphere logo are the trademarks of the Reuters group of companies. Wicks Business Information, based in Fairfield, Connecticut, concentrates on growth by acquisition and development of business magazines, newsletters, conferences, trade shows, Internet services and specialised information products serving the financial and general business sectors. The Wicks Group of Companies, LLC invests in communications, information and media businesses. |
24 September 2001 |
Reuters
Subsidiary Instinet Announces Outlook for Third Quarter and
|
Instinet anticipates that third quarter 2001 earnings will be between $0.07 and $0.09 per share, taking into account the estimated $0.04 per share impact of recent events but excluding the one-time pretax charge of $25 million related to restructuring that was previously announced. Disclosure of Monthly U.S. Equity Trading VolumesBeginning with this release, Instinet will disclose its U.S. equity trading volume on a monthly basis. In the future, these volume figures will be disclosed approximately five business days after the end of each month. For convenience, the table immediately below shows Instinets U.S. equity trading volume for each month between January 1999 and August 2001. * |
Instinet U.S. Equity
Trading Volume by Month (million shares) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2001 |
2000 |
1999 | |||||||||||||||||
Nasdaq listed - |
Exchange- listed |
Total | Nasdaq listed |
Exchange- listed |
Total | Nasdaq listed |
Exchange- listed |
Total | |||||||||||
January | 7,092 | 985 | 8,077 | 4,078 | 634 | 4,712 | 2,841 | 443 | 3,284 | ||||||||||
February | 5,712 | 776 | 6,488 | 3,769 | 576 | 4,345 | 2,564 | 409 | 2,973 | ||||||||||
March | 7,249 | 928 | 8,177 | 5,007 | 753 | 5,760 | 3,070 | 527 | 3,597 | ||||||||||
April | 6,998 | 875 | 7,873 | 4,961 | 708 | 5,669 | 3,179 | 532 | 3,711 | ||||||||||
May | 6,153 | 838 | 6,991 | 4,382 | 748 | 5,130 | 2,621 | 445 | 3,066 | ||||||||||
June | 5,625 | 899 | 6,524 | 4,302 | 821 | 5,123 | 2,767 | 480 | 3,247 | ||||||||||
July | 4,951 | 847 | 5,798 | 4,172 | 757 | 4,929 | 2,784 | 511 | 3,295 | ||||||||||
August | 4,218 | 821 | 5,039 | 4,221 | 840 | 5,061 | 2,849 | 517 | 3,366 | ||||||||||
September | 4,679 | 803 | 5,482 | 2,828 | 483 | 3,311 | |||||||||||||
October | 6,375 | 1,008 | 7,383 | 3,046 | 550 | 3,596 | |||||||||||||
November | 5,513 | 814 | 6,327 | 3,259 | 493 | 3,752 | |||||||||||||
December | 5,931 | 859 | 6,790 | 3,405 | 545 | 3,950 |
Weekly Release of Preliminary VolumesAdditionally, Instinet will soon begin to make available on its website its preliminary U.S. equity trading volume on a weekly basis. Each week, the company will disclose its average daily volume for the prior week. There may be some adjustment to these weekly numbers in calculating final monthly share volumes. The weekly update will be accessible using the following URL: http://www.instinet.com. For convenience, the table below shows weekly average daily equity trading volume from the beginning of July 2001. * |
Instinet Average Daily
Equity Trading Volume
|
3Q01 Week |
Ending |
# trading days |
Nasdaq-listed |
Exchange-listed |
Total | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | 07/06/01 | 4 | 189 | .1 | 32 | .9 | 222 | .0 | |||
2 | 07/13/01 | 5 | 261 | .8 | 43 | .7 | 305 | .5 | |||
3 | 07/20/01 | 5 | 275 | .8 | 43 | .2 | 319 | .0 | |||
4 | 07/27/01 | 5 | 231 | .8 | 41 | .8 | 273 | .6 | |||
5 | 08/03/01 | 5 | 201 | .7 | 40 | .0 | 241 | .7 | |||
6 | 08/10/01 | 5 | 184 | .6 | 36 | .0 | 220 | .6 | |||
7 | 08/17/01 | 5 | 181 | .2 | 35 | .3 | 216 | .6 | |||
8 | 08/24/01 | 5 | 181 | .1 | 35 | .4 | 216 | .6 | |||
9 | 08/31/01 | 5 | 170 | .1 | 31 | .9 | 201 | .9 | |||
10 | 09/07/01 | 4 | 242 | .4 | 44 | .2 | 286 | .6 | |||
11 | 09/14/01 | 1 | 204 | .9 | 38 | .0 | 242 | .8 | |||
12 | 09/21/01 | 5 | 292 | .8 | 59 | .0 | 351 | .8 |
Note: During the week ending 9/14/01, U.S. equity markets were closed for four days due to terrorist attacks on the U.S. * For a description of how we calculate our Nasdaq volumes, see Managements Discussion and Analysis of Financial Condition and Results of Operations Nasdaq Volume Calculations in the Prospectus dated May 17, 2001. About InstinetInstinet, through affiliates, is one of the worlds largest electronic agency securities brokers and has been providing investors with electronic trading solutions for more than 30 years. Instinet operates an e-financial marketplace where buyers and sellers worldwide can trade securities directly and anonymously with each other, and have the opportunity to lower their overall trading costs. Through its electronic platforms, customers can access 40 securities markets throughout the world. With major offices in New York, London, Paris, Frankfurt, Tokyo, and Hong Kong, Instinet provides its customers with access to research generated by Instinet and by third parties, as well as various informational and decision-making tools. For more information, please go to www.instinet.com. This press release is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
© 2001 Instinet Corporation and its affiliated companies. All rights reserved. Member NASD/SIPC. INSTINET and the INSTINET Mark are service marks in the United States and in other countries throughout the world. Approved for distribution in the UK by Instinet UK Limited, which is regulated by the SFA and a member of the LSE. Instinet Corporation is a subsidiary of Instinet Group Incorporated. This news release may be deemed to include forward-looking statements relating to Instinet. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Instinets prospectus contained in its registration statement on Form S-1, filed with the SEC on May 17, 2001 and available on its website, under the heading Risk Factors, and other documents filed with the SEC and available on the companys website. Certain information regarding Nasdaq trading volumes is also included in the registration statement. EndContact: |
Peter Thomas/Adrian Duffield | Tel: +44 (0) 20 7542 4890/4728 | ||
Reuters Corporate Relations - UK | |||
peter.v.thomas@reuters.com or adrian.duffield@reuters.com | |||
Nancy Bobrowitz/Felicia Cosby | Tel: +1 646-223-5220/5223 | ||
Reuters Corporate Communications - USA | |||
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com | |||
Harlan Flint/ Calvin Mitchell | Tel: +1 212 310 7264/7520 | ||
Instinet Investor/Corporate Relations - USA | |||
harlan.flint@instinet.com or calvin.mitchell@instinet.com |
This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months to 30 June 2001 under the heading Risk Factors. Copies of the Interim Statement and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
1 October 2001 Reuters completes acquisition of Bridge assets25/01 London Reuters, the global information, news and technology group, has completed its acquisition of certain assets of Bridge Information Systems Inc., first announced on 30 April 2001. Tom Glocer, Reuters Chief Executive, said: The completion of the Bridge acquisition marks the achievement of an important strategic goal for Reuters, and the beginning of a period of operational focus. With Bridge we acquire a large customer base among US institutional investors, leading trading and order routing technologies and a team of highly skilled market professionals. Bridge customers will benefit from Reuters performance, reliability and service focus and existing Reuters customers will gain new information, analytical and transaction capabilities. The Bridge assets include content and trading applications for US institutional securities businesses and consist of the following units: Bridge Information Systems (in North America), which provides a range of information and trading analytics products including BridgeStation, BridgeChannel and Active 1, targeted at institutional equities traders and portfolio managers; EJV, which provides bond pricing, fixed income data and analytics services; Bridge Trading Technologies (BTT), which provides software, information and transaction services to connect brokers and their buy-side clients, including indications of interest, order routing and order management; Bridge Trading, a licensed broker dealer, primarily in NYSE-listed securities; eBridge which provides internet solutions to the financial industry; and CRB Index which provides US commodity index prices. The total purchase consideration was $373 million, which comprised $275 million in cash, $30 million paid to Bridge for interim funding prior to the close, and $38 million of debt financing for Savvis Communications Corporation, Bridges network provider. Additionally, Reuters is paying some $30 million cash for deal costs and the settlement of certain existing Bridge liabilities. With the completion of this acquisition, Reuters Group has more than 663,200 information and transaction accesses worldwide, of which some 75,000 came from Bridge. The purchase also included 400,000 passwords for internet use of eBridge services. The acquisition of Bridges capabilities in fixed income enhances Reuters own products in this area by providing comprehensive US data and analytics. An integration team consisting of staff from both organisations is committed to ensuring continuity of service and support for customers of the Bridge businesses. This team will determine, from a customer perspective, the best functionality and features to be developed from Reuters and Bridge products. FinancialsReuters estimates that the acquired assets will generate approximately $100 million of revenue in the fourth quarter, 2001 (net of third party soft dollar costs). The estimated associated losses (before interest, tax, depreciation and amortisation) are currently running at approximately $3.5 million per month. This compares to an estimated $6 million per month disclosed at the time Reuters won the auction for the Bridge assets in April. Integration costs are now expected to be around $80 million, higher than the original estimate of $65 million, due mainly to increases in employee-related and consultancy support costs. Reuters estimates that the acquisition will be dilutive to pre-goodwill earnings in 2002, have a neutral impact in 2003 and be earnings enhancing in 2004. The net assets of the Bridge businesses being acquired were, at 30 September 2001, some $85 million, down slightly from the estimated $90 million in April, reflecting a reduction in working capital and assets that are not now being taken on by Reuters. As part of the Bridge acquisition, Reuters has reached a preliminary agreement to provide MoneyLine, the approved bidder for the Telerate business and certain international Bridge assets, with transitional services for up to four years, from which Reuters expects to receive revenue. As previously announced, Reuters has also a right to vote and an option to purchase Bridges 48% interest in Savvis until three months after closing. The tragic events on 11 September 2001 in the US had no material impact on the Bridge assets purchased. The Bridge businesses had offices and technical facilities in the World Trade Center and the World Financial Center. Thankfully, all Bridge staff are now accounted for. EndContacts: |
Peter Thomas/Adrian Duffield | Tel: +44 (0) 20 7542 4890/4728 | ||
Corporate Relations - UK | |||
peter.v.thomas@reuters.com or adrian.duffield@reuters.com | |||
Nancy Bobrowitz/Felicia Cosby | Tel: +1 646-223-5220/5223 | ||
Corporate Communications - USA | |||
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com |
www.reuters.com/bridge Note to editors:Press Teleconference There will be an international press teleconference at 3pm (UK time) or 10am (US time EST). If you wish to participate, please call telephone number 00 1-612-288-0337 from the UK or 1-800-288-8968 from the US and refer to the Reuters Teleconference. Reuters (about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of Internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the worlds largest international text and television news agency with 2,157 journalists, photographers and camera operators in 190 bureaux, serving 151 countries. In 2000 the Group had revenues of £3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months to 30 June 2001 under the heading Risk Factors. Copies of the Interim Statement are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ. The success of the Bridge acquisition will depend, among other things, on the ability of Reuters to realise the anticipated synergies, cost savings and growth opportunities from the integration of the Bridge businesses with Reuters, which will entail substantial expenditures and resources to effect. In addition, Reuters provision of transitional services to the purchaser of the Telerate business and certain international Bridge assets, that are currently dependent on the assets Reuters has acquired, may require a substantial devotion of resources and potentially delay or impair Reuters ability to fully integrate the acquired Bridge businesses for some period of time. There can be no assurance that the integration will result in the realisation of the anticipated benefits or that the integration and the provision of transitional services will not otherwise have a negative effect on Reuters results. The financial projections contained in this release could be adversely affected by the impact of the tragic events on 11 September 2001 in the US and the consequences of those events. |
Bridge and some of its affiliates have been in reorganisation proceedings under Chapter 11 of the US Bankruptcy Code since earlier this year. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
2 October 2001 Reuters subsidiary Instinet completes acquisition of ProTrader26/01 Leveraging New Technology for Institutional Investors Gains Foothold in Active Trader Segment London Reuters, the global information and news group, said today that Instinet, in which it has an 85% shareholding, made the following statement: Instinet statementNEW YORK, October 2, 2001 Instinet Group Incorporated (Nasdaq: INET), the worlds largest electronic agency securities broker, today announced that it has completed the acquisition of ProTrader Group, LP, a provider of advanced trading technologies and electronic brokerage services primarily for retail active traders and hedge funds. The acquisition excludes ProTraders proprietary trading business. ProTraders 2000 annual revenues exceeded $83 million. Under the terms of the agreement dated July 23, 2001, Instinet acquired ProTrader on October 1, 2001 for $100 million in cash and 5.02 million shares of Instinet common stock valued at US $50 million, based on the average share price of Instinet stock for the seven trading days prior to closing. We anticipate that the transaction will not be material to Instinet Groups 2001 financial results. Instinet expects the acquisition to enhance its customer interface and order routing technology, which would advance the Companys strategy of further developing services for institutional investors. The acquisition also expands Instinets reach into the hedge fund market and retail active trader segments by providing a full-service offering with front-end technology, quality executions, and back-office operations. The acquisition of ProTrader will allow Instinet to deliver on its strategy to customize its service offerings to its institutional clients in the US, said Doug Atkin, President and CEO of Instinet Group Incorporated. Combining the power of Instinets deep liquidity pool and broad range of value-added services with the proven direct access technology and trading software of ProTrader will give our customers the opportunity to improve execution performance in an increasingly complex trading environment. We are committed to providing the highest level of technology-supported trading tools and value-added brokerage services to our customers, he continued. We are delighted to be joining forces with such an industry leader as Instinet, said Jay McEntire, CEO of ProTrader. ProTrader will continue to focus its efforts and services on supporting semi-professional and professional active traders, as well as actively traded hedge fund portfolios with less than $100 million under management, he added. |
Combining the best of Instinet and ProTrader will provide Instinets clients with more opportunities to maximize their success,said Jean-Marc Bouhelier, Executive Vice President, U.S. Institutional and Professional Business of Instinet. As we provide more advanced technology solutions to our traditional institutional customers, we can also provide the comprehensive trading and clearing package sought by active traders and hedge funds. As a wholly-owned subsidiary of Instinet Group Incorporated, ProTrader will retain its name and its headquarters in Austin, TX. Jay McEntire will remain CEO of ProTrader Group LP, reporting to Mr. Bouhelier. ProTrader has 184 employees at 17 locations across the U.S. ProTraders proprietary trading business has been spun off into two independent operations, namely Zone Trading Partners, LLC and Zone Equity Partners, LP. In the fourth quarter, Instinet Clearing Services, Inc. (ICS) will become the correspondent clearing facility for ProTrader. The two proprietary entities will be customers of ProTrader and will enter into an agreement with ICS to clear their trades. About ProTrader GroupThe subsidiaries of Austin, Texas-based ProTrader Group, LP are ProTrader Securities Corporation, its licensed broker-dealer overseeing all aspects of the Companys 17 trading centers nationwide and its online trading operations; ProTrader Technologies, LP, its software development group that develops the firms proprietary trading software and manages technology infrastructure; ProTrader Services, LP, its research division; and ProTrader.com, LP. About InstinetInstinet, through affiliates, is the worlds largest electronic agency securities broker and has been providing investors with electronic trading solutions for more than 30 years. Instinet operates an e-financial marketplace where buyers and sellers worldwide can trade securities directly and anonymously with each other, and have the opportunity to lower their overall trading costs. Through its electronic platforms, customers can access 40 securities markets throughout the world. With major offices in New York, London, Paris, Frankfurt, Tokyo, and Hong Kong, Instinet provides its customers with access to research generated by Instinet and by third parties, as well as various informational and decision-making tools. For more information, please go to www.instinet.com. This press release is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. ©2001 Instinet Corporation and its affiliated companies. All rights reserved. INSTINET and the INSTINET Mark are service marks in the United States and in other countries throughout the world. Approved for distribution in the UK by Instinet UK Limited, which is regulated by the SFA and a member of the LSE. Instinet Corporation and Instinet Clearing Services, Inc. are subsidiaries of Instinet Group Incorporated, both are members of the NASD/SIPC. Neither Zone Trading Partners, LLC nor Zone Equity Partners, LP are affiliates of Instinet Group Incorporated or its subsidiaries. |
This news release may be deemed to include forward-looking statements relating to Instinet. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Instinets prospectus contained in its registration statement on Form S-1, filed with the SEC on May 17, 2001, under the heading Risk Factors, and other documents filed with the SEC and available on the Companys website. Certain information regarding Nasdaq trading volumes is also included in the registration statement and on the Companys website . EndContact: |
Peter Thomas/Adrian Duffield | Tel: +44 (0) 20 7542 4890/4728 | ||
Reuters Corporate Relations - UK | |||
peter.v.thomas@reuters.com or adrian.duffield@reuters.com | |||
Nancy Bobrowitz/Felicia Cosby | Tel: +1 646-223-5220/5223 | ||
Reuters Corporate Communications - USA | |||
nancy.bobrowitz@reuters.com or felicia.cosby@reuters.com | |||
Harlan Flint/ Calvin Mitchell | Tel: +1 212 310 7264/7520 | ||
Instinet Investor/Corporate Relations - USA | |||
harlan.flint@instinet.com/calvin.mitchell@instinet.com |
This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months to 30 June 2001 under the heading Risk Factors. Copies of the Interim Statement and Form 20-F are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
SCHEDULE 11NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS |
1) | Name of company |
Reuters Group PLC
2) | Name of director |
Charles James Francis Sinclair
3) | Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that persons spouse or children under the age of 18 or in respect of a non-beneficial interest |
Shareholder named in 2 above
4) | Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) |
Charles James Francis Sinclair
5) | Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) |
N/A
6) | Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary |
Purchase of shares
7) | Number of shares/amount of stock acquired |
4000 shares
8) | Percentage of issued class |
Less than 1%
9) | Number of shares/amount of stock disposed |
N/A
10) | Percentage of issued class |
N/A
11) | Class of security |
Ordinary Shares
12) | Price per share |
645.78p
13) | Date of transaction |
10 September 2001
14) | Date company informed |
11 September 2001
15) | Total holding following this notification |
14,062 shares
16) | Total percentage holding of issued class following this notification |
Less than 1%
If a director has been granted options by the company please complete the following boxes
17) | Date of grant |
18) | Period during which or date on which exercisable |
19) | Total amount paid (if any) for grant of the option |
20) | Description of shares or debentures involved: class, number |
21) | Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise |
22) | Total number of shares or debentures over which options held following this notification |
23) | Any additional information |
24) | Name of contact and telephone number for queries |
Janice M Buswell (020) 7542 8187
25) | Name and signature of authorised company official responsible for making this notification |
Janice Buswell, Group Regulatory Advisor
Date of Notification 12 September 2001 |