News Corp said it operates a stock repurchase program authorizing it to acquire up to $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, taking into account market conditions and the market price of its stock.

1. 01

   News Corp said it operates a stock repurchase program authorizing it to acquire up to $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, taking into account market conditions and the market price of its stock.

2. 02

   News Corp said it repurchased 15,371 shares of Class A common stock on the previous day, April 29, 2024, for a total of US$374,651.22, according to its notice to the ASX. The price range for the previous day was a high of US$24.51 and a low of US$24.20.

3. 03

   The company said it had repurchased 18,088,953 shares for a total of US$344,093,176.30 before April 29. It also said that, based on total consideration paid, it had bought approximately US$516,674,495.29 of Class A and Class B shares to date.

4. 04

   The company said the program will not repurchase any ASX-listed CDIs and does not require security holder approval. It gave the reason for the buy-back as "To enhance shareholder value." News Corp said the purchases are being conducted through BofA Securities, Inc.

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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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