News Corp said the Company is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock under the Repurchase Program, from time to time.

8-KOther EventsFiled Jan 4, 2024Period of report Jan 3, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

News Corp said the Company is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock under the Repurchase Program, from time to time.
The company disclosed to the ASX that on January 3, 2024, the previous day, it bought back 8,813 Class A shares for US$214,067.77. Cumulative purchases before the previous day were 17,090,503 shares, for US$318,785,991.94.
The company said the lowest price paid on the previous day was US$24.06 and the highest was US$24.51. It also said that to date it has bought Class A and Class B shares for approximately US$478,989,696.87 in total consideration paid.
The company said it will execute the program from time to time, including through open-market purchases, with BofA Securities, Inc. as broker, and that the purpose is to enhance shareholder value. It said it has 376,503,517 Class A shares on issue, and that no ASX-listed CDIs will be repurchased.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

US$1 billion Stock Repurchase Program Authorization Limit

News Corp said the Company is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock under the Repurchase Program, from time to time.

Source · Based on the filing body and exhibits

Daily Class A Share Buy-Back Activity (January 3, 2024)

The company disclosed to the ASX that on January 3, 2024, the previous day, it bought back 8,813 Class A shares for US$214,067.77. Cumulative purchases before the previous day were 17,090,503 shares, for US$318,785,991.94.

Source · Based on the filing body and exhibits

Previous-Day Purchase Price Range and Cumulative Purchases

The company said the lowest price paid on the previous day was US$24.06 and the highest was US$24.51. It also said that to date it has bought Class A and Class B shares for approximately US$478,989,696.87 in total consideration paid.

Source · Based on the filing body and exhibits

Purchase Method, Broker and Class A Shares on Issue

The company said it will execute the program from time to time, including through open-market purchases, with BofA Securities, Inc. as broker, and that the purpose is to enhance shareholder value. It said it has 376,503,517 Class A shares on issue, and that no ASX-listed CDIs will be repurchased.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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