News Corporation has provided details about their buy-back notification to ASX.
The company authorized a repurchase program for up to $1 billion of Class A and Class B common stock.
As of July 15, 2025, an additional $1 billion has been authorized for repurchase programs.
The buy-back is subject to market conditions and stock prices.
No ASX-listed CDIs will be repurchased in these programs.
Type of Buy-back
Other buy-back: Repurchase program for up to $1 billion of Class A and Class B common stock authorized.
Total Number of Securities on Issue
375,750,555 securities in the class to be bought back.
Maximum Number of Securities
Up to $1 billion of Class A and Class B common stock may be repurchased.
- The buy-back signals the company's confidence in future performance and financial stability.
- Investors may view the buy-back as a positive indicator of News Corporation's value.
- The authorization of additional funds for repurchase programs reflects a long-term investment strategy.
Overall, News Corporation's buy-back notification highlights their commitment to enhancing shareholder value and capital management strategies in the market.