News Corporation provided a notification of buy-back for its Common Stock Class A securities.
The company has authorized repurchase programs for its Class A and Class B common stock.
No ASX-listed CDIs will be repurchased in these programs.
Type of Buy-back
Other buy-back: Repurchase program for up to an aggregate of US$1 billion authorized as of 2021 and an additional US$1 billion as of 2025.
Total Securities to be Bought Back
Up to US$1 billion of Class A common stock and Class B common stock under the authorized repurchase programs.
Minimum Number of Securities
The entity does not intend to buy back a minimum number of securities.
Maximum Number of Securities
The entity intends to buy back up to an aggregate of US$1 billion of securities.
- The notification highlights the company's commitment to utilizing buy-back programs to enhance shareholder value.
- It reflects News Corporation's confidence in its financial position and future prospects.
News Corporation's buy-back notification indicates a strategic move to manage its capital structure efficiently and potentially increase shareholder returns.