News Corporation has issued a buy-back notification regarding its Class A and Class B common stock.
The buy-back program authorizes the repurchase of up to US$1 billion under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.
The Company intends to repurchase shares based on market conditions and stock price fluctuations.
The buy-back program signifies a strategic move by News Corporation to enhance shareholder value and signal confidence in its financial stability.
Buy-back Authorization
The authorization allows the repurchase of Class A and Class B common stock up to US$1 billion each, demonstrating a significant commitment to capital allocation strategies and shareholder returns.
Market Conditions
Repurchases will be made in alignment with market dynamics, indicating a disciplined approach to utilizing excess capital for value creation.
Non-Australian CDIs
The exclusion of ASX-listed CDIs from the buy-back programs highlights a focused strategy specific to the repurchase of common stock.
- The buy-back program reflects News Corporation's strategic financial confidence and belief in its long-term growth potential, positioning the company favorably in the eyes of investors.
- By repurchasing shares, management signals the belief that the current stock price may not fully reflect the company's intrinsic value, potentially supporting stock price appreciation in the future.
News Corporation's buy-back notification showcases a proactive approach to enhancing shareholder value and capital efficiency through strategic investments, reinforcing the company's commitment to delivering long-term value to investors.