News Corp said it received approval for a repurchase program authorizing it to buy up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to repurchase shares from time to time, depending on market conditions and its share price, among other factors.

1. 01

   News Corp said it received approval for a repurchase program authorizing it to buy up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to repurchase shares from time to time, depending on market conditions and its share price, among other factors.

2. 02

   The company said it has bought Class A and Class B shares for approximately US$519,495,817.67 in total consideration to date, against its US$1 billion authorization.

3. 03

   News Corp said in its daily ASX filing that on May 6, 2024, the previous buy-back day, it bought 15,371 Class A shares for total consideration of US$375,674.93. The lowest price paid that day was US$24.23, and the highest was US$24.61.

4. 04

   The company classified this buy-back as an Other buy-back in ASX Appendix 3C and gave its reason as to enhance shareholder value. The number of Class A securities subject to the buy-back is 375,577,673, and the broker is BofA Securities, Inc.

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.

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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