News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of the company’s Nasdaq-listed Class A common stock and Class B common stock. The company has revealed that it may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock, with a total number of +securities on issue in the class of +securities to be bought back standing at 376,181,286.
The entity has disclosed its intention to buy back a maximum number of securities, with the remaining number of +securities to be bought back as at the end of the previous day amounting to approximately US$503,448,289.39 worth of Class A and Class B shares (based on total consideration paid).
In the latest buy-back notification, the total number of +securities bought back, or in relation to which acceptances have been received, stands at 17,560,546, with a total consideration paid or payable for the +securities amounting to US$330,681,961.89. The highest price paid for the securities was US$26.88, while the lowest price paid was US$14.88.
Today the company's shares have moved 0.9% to a price of $26.38. For the full picture, make sure to review News's 8-K report.
