News Corp said it operates a stock repurchase program authorizing it to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company listed the reason for the buy-back as "To enhance shareholder value."

1. 01

   News Corp said it operates a stock repurchase program authorizing it to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company listed the reason for the buy-back as "To enhance shareholder value."

2. 02

   News Corp said it repurchased 14,506 shares of Class A common stock for a total of US$395,806.36 on July 8, 2024, according to its daily disclosure to the ASX. The highest price paid that day was US$27.48, and the lowest was US$27.18.

3. 03

   The company said it had repurchased a total of 18,746,826 shares for US$361,416,849.06 before the previous day. The highest price paid in that period was US$27.94 on June 26, 2024, and the lowest was US$14.88 on September 29, 2022.

4. 04

   The company said it has repurchased approximately US$542,636,980.53 of Class A and Class B shares to date, based on total consideration paid. Purchases are being made through BofA Securities, Inc. The company also said 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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