News Corp said its board-approved repurchase program allows it to buy back Class A and Class B common stock combined for up to US$1 billion. The company said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

1. 01

   News Corp said its board-approved repurchase program allows it to buy back Class A and Class B common stock combined for up to US$1 billion. The company said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

2. 02

   The company said there are 375,388,083 Class A common shares in total issued and outstanding subject to repurchase. It listed the reason for the buy-back as "To enhance shareholder value." The company said no ASX-listed CDIs will be repurchased under this program.

3. 03

   On 2024-12-04, the company repurchased 13,659 shares for a total of US$406,035.63, with the highest price paid at US$29.93 and the lowest at US$29.59, it told the ASX.

4. 04

   The company said it has bought back Class A and Class B shares worth about US$607,431,402.98 in total consideration to date under the US$1 billion limit. Class A repurchases before the previous day totaled 20,304,781 shares for US$403,976,899.90.

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Original filing

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