News Corp said its Repurchase Program, which covers Class A and Class B common stock combined, is authorized for up to US$1 billion. The company said CDIs listed on the ASX will not be repurchased under this program.

1. 01

   News Corp said its Repurchase Program, which covers Class A and Class B common stock combined, is authorized for up to US$1 billion. The company said CDIs listed on the ASX will not be repurchased under this program.

2. 02

   The company said it has bought back Class A and Class B shares worth about US$592,480,923.80 in total, out of the US$1 billion authorized. This amount is based on total consideration paid.

3. 03

   News Corp notified the ASX that it repurchased 14,638 Class A common shares on October 30, 2024 for a total of US$402,489.38. Before that day, it had bought back 19,968,840 shares for a total consideration of US$394,289,400.17.

4. 04

   The company reported that the highest price paid before the previous trading day was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022. It said the purchase price on October 30, 2024 ranged from US$27.32 to US$27.73, and that the purpose of the repurchases is "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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