News Corporation has announced its 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 374,319,872, and the total number of +securities proposed to be bought back is up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
The company has not disclosed an intention to buy back a minimum number of +securities and has indicated its intention to buy back a maximum number of securities, with the remaining number of +securities to be bought back as of the end of the previous day being approximately US$318,299,092.96 worth of Class A and Class B shares (based on total consideration paid).
In the most recent buy-back notification, the total number of +securities bought back, or in relation to which acceptances have been received, is 22,015,199, with a total consideration paid or payable for the +securities of US$451,388,623.22. The highest price paid for the securities was US$30.69, and the lowest price paid was US$14.88.
The anticipated date for the buy-back to occur is 22/9/2021. As a result of these announcements, the company's shares have moved -0.25% on the market, and are now trading at a price of $27.79. For the full picture, make sure to review NEWS CORP's 8-K report.
