News Corporation provided a notification of a buy-back for its Class A common stock.
The buy-back program includes repurchasing up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
The Company intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions.
Type of Buy-back
The buy-back program includes repurchasing up to US$1 billion of Class A common stock and Class B common stock under the 2021 and 2025 Repurchase Programs.
ASX Issuer Code
News Corporation's ASX issuer code is NWS.
Maximum Securities Buying
The Company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
- News Corporation's buy-back program aims to enhance shareholder value by utilizing excess cash to repurchase shares.
- The buy-back initiative signals confidence in the Company's performance and financial stability.
The buy-back notification highlights News Corporation's commitment to returning value to shareholders and optimizing capital allocation strategies.