News Corporation announced updates related to its ongoing stock repurchase program, under which the company is authorized to repurchase up to $1 billion of its outstanding Class A and Class B common stock. As required by the Australian Securities Exchange (ASX), News Corporation provides daily disclosures of transactions made under this program to the ASX. Additionally, the company includes these updates in its quarterly and annual reports.
The disclosures provided to the ASX, attached as exhibits in the report, include forward-looking statements regarding the company's repurchase plans. These statements are based on current expectations and are subject to factors such as stock price changes, market conditions, and applicable securities regulations. The company emphasizes that these statements may vary due to unforeseen circumstances and does not undertake any obligation to update them unless legally required.
The repurchase program reflects News Corporation's strategy to optimize capital allocation and enhance shareholder value. Further details are outlined in the exhibits attached to the filing.
2025-01-23
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