The company said it was authorized to repurchase up to US$1 billion in aggregate of its Class A and Class B common stock from time to time. It said it intends to buy in the open market or otherwise, taking into account market conditions and the stock price, among other factors.

1. 01

   The company said it was authorized to repurchase up to US$1 billion in aggregate of its Class A and Class B common stock from time to time. It said it intends to buy in the open market or otherwise, taking into account market conditions and the stock price, among other factors.

2. 02

   The company notified the ASX that on August 9, 2024 it bought 14,506 shares of Class A common stock for US$400,938.59, and that its cumulative purchases before that were 19,098,103 shares, totaling US$371,023,275.28.

3. 03

   News Corp said it has repurchased approximately US$556,982,224.14 of Class A and Class B shares to date. The highest price paid was US$28.61 on July 16, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

4. 04

   The company said this notice is an update to its initial notification dated September 22, 2021, and it listed 374,728,592 Class A common shares on issue. It gave the reason for the buy-back as to enhance shareholder value and said no shareholder approval is required.

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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