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

1. 01

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

2. 02

   News Corp said it had repurchased a cumulative 19,229,340 shares of Class A common stock before August 22, 2024 for US$374,632,681.43, and repurchased 14,638 shares for US$406,873.46 on August 22, as disclosed to the ASX.

3. 03

   The company said the highest price paid for Class A shares was US$28.61 on July 16, 2024 and the lowest was US$14.88 on September 29, 2022. It said it had purchased approximately US$562,476,057.39 of Class A and Class B shares under the program to date, based on total consideration paid.

4. 04

   The company said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. No ASX-listed CDIs will be repurchased under the program. The company cited the purpose as enhancing shareholder value.

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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