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 proposed to be bought back is currently approximately US$686,804,846.21 worth of Class A and Class B shares, with a total consideration paid or payable for the +securities of US$454,651,741.60.
The company has bought back a total of 22,132,534 +securities, or in relation to which acceptances have been received, with the highest price paid being US$30.69 and the lowest price paid being US$14.88. The remaining number of +securities to be bought back as at the end of the previous day is approximately US$313,195,153.79.
The anticipated date of the buy-back is set for 22/9/2021. These figures indicate a significant activity in the company's buy-back program, with a substantial amount of +securities already bought back and a considerable amount of the program's budget still available for further repurchases. As a result of these announcements, the company's shares have moved 0.98% on the market, and are now trading at a price of $28.335. For more information, read the company's full 8-K submission here.
