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REUTERS ANNOUNCES TENDER OFFER RESULT

 LONDON, Aug. 26 /PRNewswire/ -- Reuters announced today it had received tenders totaling 164,302,881 shares, representing approximately 38.65 percent of the company's issued ordinary shares.
 The tender offer for up to 25 million ordinary shares, representing 5.84 percent of the company's outstanding ordinary shares (including those represented by ADSs) was announced on July 26, and closed yesterday, Aug. 25.
 Shareholders must authorize and approve Reuters proposed purchase of tendered shares by means of a special resolution. The resolution will be considered at an extraordinary general meeting of the company to be held on Sept. 10, 1993. If the resolution is passed, based on the level of tenders received there will be a total return of cash to shareholders of around 350 million pounds sterling.
 The basis of acceptance is that shareholders who have submitted valid tenders will have their tendered shares purchased in full, up to a maximum of 5.84 percent of their beneficial holdings as at Aug. 25. Those who have tendered shares in excess of this entitled amount will have them accepted pro rata to the total number of shares tendered in excess of entitled amounts.
 It is expected that this pro-ration percentage wil be announced on Sept. 3, once tenders have been validated.
 The number of ordinary shares represented by ADSs tendered was 1,917,492, of which 770,655 were tendered by guaranteed delivery.
 -0- 8/26/93
 /CONTACT: Robert Crooke of Reuters North America, 212-603-3587; Michael Cooling of Reuters Holdings PLC, 071-510-7703; Robin Budenberg, S.G. Warburg & Co. Ltd., 071-860-1090; or Jeremy Wilson, 071-600-2300 or Joseph Evangelisti, 212-648-9537, both of J.P. Morgan/
 (RTRSY)


CO: Reuters ST: IN: PUB SU: OFR

SM-PS -- NY005 -- 5996 08/26/93 08:01 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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