News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its 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 375,408,632, and the company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
The company has bought back a total of 22,322,298 +securities, or in relation to which acceptances have been received, with a total consideration paid or payable for the +securities of US$459,441,080.47 and US$341,459.71.
The highest price paid for +securities was US$30.69, with the highest price paid date being 19/02/2025, and the lowest price paid was US$14.88, with the lowest price paid date being 29/09/2022.
As of the end of the previous day, 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$694,780,495.12 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. As a result of these announcements, the company's shares have moved -0.18% on the market, and are now trading at a price of $29.605. If you want to know more, read the company's complete 8-K report here.
