News Corp said it has a stock repurchase program under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock.

8-KOther EventsFiled Feb 23, 2024Period of report Feb 22, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said it has a stock repurchase program under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock.
The company said in its ASX notice that it had repurchased a cumulative 17,420,587 Class A shares (US$327,004,867.59) before 2024-02-22, and 13,774 shares (US$362,962.81) on 2024-02-22.
The company said that its highest repurchase price in 2024-02-22 was US$26.68 (2024-02-15), and its lowest price was US$14.88 (2022-09-29). It also said it had spent about US$491,069,370.33 on Class A and Class B shares to date, based on total consideration paid.
News Corp notified the buy-back as an "Other buy-back" and said BofA Securities, Inc. is the broker. It said the purpose is to enhance shareholder value. The company also said no ASX-listed CDIs will be repurchased under the program.

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.

Up to $1 billion Stock Buyback Program

News Corp said it has a stock repurchase program under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Cumulative and previous-day Class A share repurchases and consideration

The company said in its ASX notice that it had repurchased a cumulative 17,420,587 Class A shares (US$327,004,867.59) before 2024-02-22, and 13,774 shares (US$362,962.81) on 2024-02-22.

Source · Based on the filing body and exhibits

Repurchase Price Range and Cumulative Spending

The company said that its highest repurchase price in 2024-02-22 was US$26.68 (2024-02-15), and its lowest price was US$14.88 (2022-09-29). It also said it had spent about US$491,069,370.33 on Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Buy-Back Type, Broker, Purpose and CDI Exclusion

News Corp notified the buy-back as an "Other buy-back" and said BofA Securities, Inc. is the broker. It said the purpose is to enhance shareholder value. The company also said no ASX-listed CDIs will be repurchased under the program.

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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