News Corporation has provided a notification of buy-back to ASX.
The entity plans to repurchase an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2021 and 2025 Repurchase Programs.
The buy-back program is subject to market conditions and the stock's price performance.
Total Number of Securities on Issue
372,723,535 securities in the class to be bought back.
Authorized Repurchase Programs
Company's authorization of up to US$1 billion in 2021 and 2025 for stock repurchase.
Market Repurchase Plan
Intends to repurchase Class A and Class B common stock based on market conditions.
- The buy-back signals News Corporation's confidence in its financial position and market prospects.
- It may impact the stock price positively as the company shows a commitment to shareholder value.
The buy-back notification reflects News Corporation's strategic capital allocation and confidence in its future performance.