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News Corporation continues $2bn share buy-back program

September 16, 2025 at 10:08 AM UTCBy FilingReader AI

News Corporation has provided an update on its share buy-back program, with the latest notification dated September 16, 2025. The company is engaged in an "Other buy-back" type program, involving its Class A common stock and Class B common stock. News Corporation has authorized a repurchase program of up to an aggregate of US$1bn under the 2021 Repurchase Program and an additional US$1bn under the 2025 Repurchase Program.

As of September 15, 2025, News Corporation bought back 24,469 additional securities, bringing the total number of securities bought back to 11,709,926. The consideration paid on the previous day was $797,297.90, contributing to a total consideration of $257,984,022.90. The highest price paid on the previous day was $32.88, with the lowest at $32.31. Over the entire buy-back period, the highest price paid was $35.41 on July 15, 2025, and the lowest was $15.17 on September 29, 2022.

The company intends to repurchase a maximum number of securities, with Goldman Sachs & Co. LLC acting as the broker. The buy-back consideration will be paid in US dollars, and the buy-back does not require security holder approval or have restrictions on foreign participation. To date, News Corporation has purchased approximately $762,820,996 worth of Class A and Class B shares under the 2021 Repurchase Program. The anticipated date for buy-back to occur is September 22, 2021.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

ASX:NWSAustralian Securities Exchange

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