News Corp said it is operating a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it must disclose transactions under the program to the ASX every day under ASX rules.

8-KOther EventsFiled Mar 18, 2024Period of report Mar 15, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said it is operating a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it must disclose transactions under the program to the ASX every day under ASX rules.
The company said it has bought about US$499,849,031.43 of Class A and Class B shares combined, based on total consideration paid. The authorization limit is US$1 billion.
The company told the ASX that it repurchased 14,572 Class A common shares on March 15, 2024, the previous day, for a total of US$376,794.03. It said its cumulative total before that was 17,643,839 shares, or US$332,873,919.66. The previous day's purchase prices ranged from US$25.64 to US$26.29.
The company said the highest price it paid for Class A shares was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022. It said the total number of Class A shares on issue is 376,056,152.

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.

$1 billion Share Buy-Back Program Authorization Limit

News Corp said it is operating a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it must disclose transactions under the program to the ASX every day under ASX rules.

Source · Based on the filing body and exhibits

Cumulative Purchases of About US$499,849,031.43

The company said it has bought about US$499,849,031.43 of Class A and Class B shares combined, based on total consideration paid. The authorization limit is US$1 billion.

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Details as of 2024-03-15 (Previous Day)

The company told the ASX that it repurchased 14,572 Class A common shares on March 15, 2024, the previous day, for a total of US$376,794.03. It said its cumulative total before that was 17,643,839 shares, or US$332,873,919.66. The previous day's purchase prices ranged from US$25.64 to US$26.29.

Source · Based on the filing body and exhibits

Class A Purchase Price Range and Shares on Issue

The company said the highest price it paid for Class A shares was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022. It said the total number of Class A shares on issue is 376,056,152.

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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