News Corp said it is authorized to repurchase up to $1 billion in aggregate of its Class A common stock and Class B common stock under the Repurchase Program. It said the purpose of the buy-back is to enhance shareholder value and that no security holder approval is required.

1. 01

   News Corp said it is authorized to repurchase up to $1 billion in aggregate of its Class A common stock and Class B common stock under the Repurchase Program. It said the purpose of the buy-back is to enhance shareholder value and that no security holder approval is required.

2. 02

   The company notified the ASX in a daily buy-back notification dated 2024-04-04 that it repurchased a total of 14,572 shares for US$373,274.89 on the previous day, 03/04/2024. Shares bought back before the previous day totaled 17,815,501, for US$337,323,695.08.

3. 03

   The company said it has repurchased Class A and Class B shares for approximately US$506,501,324.93 in total consideration paid to date. The highest price paid on the previous day was US$25.74, and the lowest was US$25.39.

4. 04

   The company said the program is an Other buy-back and covers repurchases of its Nasdaq-listed common stock in the open market or otherwise, and that no ASX-listed CDIs will be repurchased. The broker is BofA Securities, Inc., and the number of Class A shares on issue is 375,983,441.

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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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