News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock, and gave "To enhance shareholder value" as the reason for the buy-back.

1. 01

   News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock, and gave "To enhance shareholder value" as the reason for the buy-back.

2. 02

   The company said it has bought back approximately US$540,260,819.07 of Class A and Class B shares, based on total consideration paid to date.

3. 03

   News Corp told the ASX that on July 1, 2024, the prior trading day, it bought back 14,506 Class A shares for a total of US$399,055.71. The highest price paid that day was US$27.86, and the lowest was US$27.35.

4. 04

   The company said it would repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, as well as other factors. It said BofA Securities, Inc. is the broker and that no ASX-listed CDIs will be repurchased under the program.

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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