News Corporation has provided information about their buy-back program in a recent notification to ASX.
The company has authorized repurchase programs for both Class A and Class B common stock.
The total number of securities on issue and proposed to be bought back have been disclosed.
Repurchase Programs
Authorized programs include the 2021 Repurchase Program and the 2025 Repurchase Program, totaling $2 billion in buy-back authorization.
Security Class
The buy-back pertains to the common stock Class A of News Corporation, with detailed security description listed.
Buy-Back Type
Highlighted as an 'Other buy-back' type, indicating repurchase intentions for Class A and Class B common stock outside Australia.
- The announcement signifies News Corporation's strategic move to enhance shareholder value through buy-back initiatives.
- Market conditions, stock prices, and other factors will influence the timing and execution of the buy-back plan.
News Corporation's buy-back notification demonstrates a commitment to capital management and investor returns through repurchasing common stock.