News Corp said it has received approval for a stock repurchase program authorizing it to buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said no ASX-listed CDIs will be repurchased under the program.

1. 01

   News Corp said it has received approval for a stock repurchase program authorizing it to buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said no ASX-listed CDIs will be repurchased under the program.

2. 02

   The company notified the ASX that on May 23, 2024 it repurchased 13,236 shares of Class A common stock for US$346,392.74, with a daily low purchase price of US$25.84 and a high of US$26.28.

3. 03

   The company said in its daily ASX notification that it had bought back a total of 18,350,659 Class A common shares for US$350,633,790.52 before May 23, 2024. The highest price in the period was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

4. 04

   The company said it has repurchased approximately US$526,442,327.76 of Class A and Class B shares to date, based on total consideration paid. It cited "To enhance shareholder value" as the reason for the buy-back.

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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