News Corp Announces $1 Billion Stock Buy-Back Program

By Philip Seaworth • Thursday, September 25 10:29 • Permanent Link

News Corporation has announced a daily buy-back notification of its common stock Class A. The total number of securities on issue in the class of securities to be bought back is 375,203,540. The company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program.

On the previous day, News Corporation bought back 24,164,507 securities for a total consideration of US$514,719,308 with the highest price paid being US$30.93 and the lowest price paid being US$14.88. 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 under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program. To date, the company has purchased approximately US$779,878,391 worth of Class A and Class B shares under the 2021 Repurchase Program. Today the company's shares have moved -1.15% to a price of $30.23. For the full picture, make sure to review NEWS CORP's 8-K report.

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