News Corp said its stock repurchase program lets it acquire up to US$1 billion in aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.

1. 01

   News Corp said its stock repurchase program lets it acquire up to US$1 billion in aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.

2. 02

   The company told the ASX that before January 12, 2024, it had bought back a total of 17,152,212 shares for US$320,286,277.77 in total. On January 12, it bought back 8,813 shares for US$213,357.44.

3. 03

   The company said the highest price paid before the previous day was US$24.80 on December 29, 2023, and the lowest was US$14.88 on September 29, 2022. It also said it had repurchased approximately US$481,109,142.28 of Class A and Class B shares to date, based on total consideration paid.

4. 04

   News Corp said that under ASX rules it must disclose repurchase transactions to the ASX daily, if any occur under the program. The company said no ASX-listed CDIs will be repurchased under the program. It listed the reason for the buy-back as "To enhance shareholder value."

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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

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