News Corporation has announced a buy-back 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 375,816,032, and the company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
As of the most recent notification, the company has bought back a total of 19,748,871 +securities, or in relation to which acceptances have been received, for a total consideration of US$388,515,757.59. The highest price paid for +securities was US$28.61 on 16/07/2024, and the lowest price paid was US$14.88 on 29/09/2022.
The company is authorized to acquire up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock. To date, the company has purchased approximately US$583,667,674.41 worth of Class A and Class B shares (based on total consideration paid).
The anticipated date for the buy-back to occur is 22/9/2021, and the company does not intend to buy back a minimum number of +securities. However, it does intend to buy back a maximum number of securities, with the remaining number to be bought back as at the end of the previous day being approximately US$416,332,325.59 worth of Class A and Class B shares. The market has reacted to these announcements by moving the company's shares 1.1% to a price of $25.95. If you want to know more, read the company's complete 8-K report here.