News Corp said its stock repurchase program, the Repurchase Program, authorizes it to buy back from time to time up to US$1 billion in aggregate of Class A common stock and Class B common stock combined.

1. 01

   News Corp said its stock repurchase program, the Repurchase Program, authorizes it to buy back from time to time up to US$1 billion in aggregate of Class A common stock and Class B common stock combined.

2. 02

   The company disclosed that on April 8, 2024 it repurchased 14,572 shares of Class A common stock for a total of US$375,787.11, with a daily high price of US$25.91 and a daily low price of US$25.67.

3. 03

   The company disclosed that before April 8, 2024 it had repurchased 17,859,217 shares for a total of US$338,447,655.30. It said cumulative purchases since the program began, across Class A and Class B shares combined, total about US$508,179,912.53 based on total consideration paid.

4. 04

   The company said it buys back shares from time to time in the open market or otherwise, depending on market conditions and the stock price. BofA Securities, Inc. is the broker, and the purpose of the buybacks is to enhance shareholder value. It also said no ASX-listed CDIs will be repurchased under the program.

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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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