News Corporation provided details about their buy-back notification to ASX.
The company plans to repurchase Class A common stock and Class B common stock under the 2021 and 2025 Repurchase Programs.
Details include the total number of securities on issue and the maximum number proposed to be bought back.
News Corporation's proactive buy-back strategy highlights its financial strength and commitment to shareholder value.
Type of Buy-back
News Corporation announces a buy-back program for up to $1 billion of Class A and Class B common stock.
Total Number of Securities
142,731,173 securities in the class are targeted for repurchase.
Maximum Buy-back Amount
The Company has authorized the purchase of up to $1 billion worth of Class A and Class B common stock.
- The buy-back programs reflect News Corporation's confidence in its stock and financial stability, potentially boosting shareholder confidence and stock price.
- By demonstrating commitment to returning value to shareholders, News Corporation aims to strengthen investor trust and long-term market perception.
News Corporation's buy-back notification underscores its proactive stance in enhancing shareholder value and market confidence, signaling strong financial health and strategic foresight.