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

1. 01

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

2. 02

   In its daily buy-back notice for Class A common stock, the company reported that it bought 13,840 shares for US$390,772.40 on August 26, 2024, and that it bought 19,257,838 shares, for US$375,430,052.07, before that.

3. 03

   The company said it has repurchased approximately US$563,665,013.15 of Class A and Class B shares to date, based on total consideration paid. 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

   News Corp said it intends to repurchase Class A and Class B common stock from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. It said no ASX-listed CDIs will be repurchased under the program. The company listed its reason for the buy-back as to enhance 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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