Form 8-K Filing Regarding Stock Repurchase Programs
This filing details News Corporation's ongoing stock repurchase programs. The company is authorized to acquire up to an aggregate of $1 billion in Class A and Class B common stock under its 2021 Repurchase Program and an additional $1 billion under its 2025 Repurchase Program. Daily disclosures are provided to the Australian Securities Exchange (ASX) regarding these transactions. The company intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and other factors. These actions are intended to enhance shareholder value. Recent daily buy-back notifications indicate significant activity, with substantial consideration paid for repurchased shares. The company has purchased approximately $942,148,090 worth of shares under the 2021 Repurchase Program to date. The filing includes forward-looking statements regarding repurchase intentions, subject to market risks and uncertainties.