The company said its stock repurchase program, the Repurchase Program, is authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock. It said no ASX-listed CDIs will be repurchased under the program.

1. 01

   The company said its stock repurchase program, the Repurchase Program, is authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock. It said no ASX-listed CDIs will be repurchased under the program.

2. 02

   The company said that on 05/11/2024, the previous trading day, it repurchased 14,638 shares of Class A common stock for US$406,794.41 in its daily buy-back notice. It said cumulative repurchases before that day totaled 20,027,392 shares, with total consideration of US$395,892,461.71.

3. 03

   The company said it has repurchased Class A and Class B shares for approximately US$594,950,800.21 in total consideration to date. It said the highest price paid before the previous day was US$28.61 on 16/07/2024, and the lowest was US$14.88 on 29/09/2022. On the previous day, the highest price was US$27.94 and the lowest was US$27.36.

4. 04

   News Corp said it listed 375,503,645 as the total number of Class A shares on issue subject to the buy-back, and gave "To enhance shareholder value" as the reason for the buy-back. It said BofA Securities, Inc. will act as broker for the buy-back, and that no security holder 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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