NEWS CORPORATION provided details of its buy-back program in a recent notification to ASX.
The buy-back program includes repurchase of Class A common stock and Class B common stock totaling up to US$2 billion.
No ASX-listed CDIs will be repurchased in these programs.
Type of Buy-back
Other buy-back program authorized for US$2 billion to repurchase Class A common stock and Class B common stock.
Total Number of Securities
372,723,535 +securities are on issue in the class, with a proposal to buy back up to US$2 billion worth.
Maximum Number of Securities
The entity intends to buy back a maximum of US$1 billion in Class A common stock and Class B common stock.
- The buy-back program signals NEWS CORPORATION's commitment to returning value to shareholders.
- Market conditions and stock prices will influence the effectiveness of the repurchase program.
NEWS CORPORATION's buy-back program demonstrates its strategic approach to capital allocation and investor returns.