News Corp. Announces $1 Billion Stock Repurchase Program

By Tamara Parker • Friday, December 20 10:18 • Permanent Link

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 may purchase up to an aggregate of US$1 billion of 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 375,198,294, with a total number of +securities proposed to be bought back of up to an aggregate of US$1 billion.

In the most recent buy-back notification, the company bought back a total of 20,459,745 +securities, or in relation to which acceptances have been received, for a total consideration paid or payable of US$408,480,835.62. The highest price paid was US$30.01 on 08/11/2024, and the lowest price paid was US$14.88 on 29/09/2022.

To date, the company has purchased approximately US$614,416,235.76 worth of Class A and Class B shares, based on the total consideration paid. The anticipated date for the buy-back to occur is 22/9/2021. Today the company's shares have moved 0.3% to a price of $27.68. For the full picture, make sure to review News's 8-K report.

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