News Corporation has provided a notification of its buy-back program, outlining details of repurchasing Class A and Class B common stock.
The 2021 Repurchase Program authorized up to US$1 billion, with an additional US$1 billion authorized in the 2025 Repurchase Program.
The company intends to repurchase shares based on market conditions and stock prices.
Repurchase Programs
2021 Repurchase Program: Up to US$1 billion authorized; 2025 Repurchase Program: Additional US$1 billion authorized.
Buy-Back Type
Other buy-back type selected, allowing repurchase of Class A and B common stock in the open market or otherwise.
Total Securities
Total number of securities on issue: 372,357,131; Up to US$1 billion of securities proposed to be bought back.
- The buy-back program indicates News Corporation's confidence in its financial position and willingness to return value to shareholders.
- Repurchasing stock can lead to an increase in earnings per share and potentially boost shareholder returns.
News Corporation's buy-back notification reflects strategic financial management and commitment to enhancing shareholder value through stock repurchases.