News Corp said it was authorized to repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock under its Repurchase Program.

1. 01

   News Corp said it was authorized to repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock under its Repurchase Program.

2. 02

   The company said it intends to repurchase Class A and Class B common stock together from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. It gave "To enhance shareholder value" as the reason for the buy-back. ASX-listed CDIs will not be repurchased under this program.

3. 03

   The company said it had bought approximately US$521,194,760.56 of Class A and Class B shares, based on total consideration paid, and that the aggregate authorization limit is US$1 billion.

4. 04

   In its daily buy-back notification for Class A stock on May 10, 2024 (Appendix 3C), the company said it bought back 15,418 shares for US$377,969.19 on the previous day, May 9, 2024. It said cumulative purchases before the previous day totaled 18,213,369 shares, US$347,101,958.16.

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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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