News Corp said it runs a stock repurchase program authorized to acquire up to US$1 billion in aggregate of its Class A and Class B common stock combined. The stated purpose is to enhance shareholder value, and no ASX-listed CDIs will be repurchased under the program.

1. 01

   News Corp said it runs a stock repurchase program authorized to acquire up to US$1 billion in aggregate of its Class A and Class B common stock combined. The stated purpose is to enhance shareholder value, and no ASX-listed CDIs will be repurchased under the program.

2. 02

   The company told the ASX that on January 31, 2025 it repurchased 14,259 shares of Class A common stock for a total of US$401,236.85. The highest price paid that day was US$28.25, and the lowest was US$28.03.

3. 03

   In its notice, the company said that shares bought before the previous day totaled 20,858,678 shares, with total consideration of US$419,563,376.78. It also said the consideration for Class A and Class B shares purchased to date is approximately US$631,634,393.44.

4. 04

   The company said BofA Securities, Inc. is the broker for this repurchase and that no shareholder approval is required. The highest price paid before the previous day was US$30.01 on November 8, 2024, and the lowest was US$14.88 on September 29, 2022.

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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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