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 total number of +securities on issue in the class of +securities to be bought back is 376,056,152, and the total number of +securities proposed to be bought back is up to an aggregate of US$1 billion.
The company intends to buy back a maximum number of securities and may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock. The +securities will be bought back for a cash consideration, with the price to be paid for +securities bought back being in USD – US Dollar.
The company has disclosed that the highest price paid for the buy-back was US$27.09 on 11/03/2024, and the lowest price paid was US$14.88 on 29/09/2022. As of the previous day, the total number of +securities bought back, or in relation to which acceptances have been received, is 17,702,127, and the total consideration paid or payable for the +securities is US$334,371,097.95.
To date, the company has purchased approximately US$502,063,933.21 worth of Class A and Class B shares (based on total consideration paid). The anticipated date of the buy-back is 22/9/2021.
Today the company's shares have moved -0.8% to a price of $26.0. For the full picture, make sure to review News's 8-K report.
