News Corporation has provided a daily buy-back notification for its Common Stock Class A securities.
The company authorized a repurchase program for up to US$1 billion of its Class A and Class B common stock in 2021, with an additional US$1 billion authorized in 2025.
The buy-back program is subject to market conditions and the company's stock price.
Total Number of Securities on Issue
375,475,749 securities in the Class A securities to be bought back.
Authorization of Repurchase Programs
Authorized repurchase programs of US$1 billion in 2021 and an additional US$1 billion in 2025.
Types of Buy-backs
The buy-back types include Employee Share Scheme, On-market buy-back, and Other buy-back, excluding minimum holding buy-backs.
- The buy-back program can potentially indicate that the company views its stock as undervalued.
- Investors may interpret this move as a signal of confidence from News Corporation's management.
- Market dynamics and stock performance will play a significant role in the execution of the buy-back program.
News Corporation's buy-back notification showcases its commitment to shareholders and capital management strategies. The company's proactive approach in repurchasing its common stock reflects its confidence in long-term value creation.