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News Corp (NASDAQ:NWSA, NASDAQ:NWS) reported Thursday that it remains authorized to repurchase up to $1 billion in aggregate of its outstanding Class A and Class B common stock under its existing stock repurchase programs. The company stated that it provides daily disclosure of repurchase transactions to the Australian Securities Exchange (ASX) as required by ASX rules and also includes updates on the program in its quarterly and annual reports.
The company noted that the information provided to the ASX contains forward-looking statements regarding its intent to repurchase shares from time to time. News Corp emphasized that these statements are based on current management expectations and are subject to uncertainties, including changes in market price of its stock, market conditions, applicable securities laws, and alternative investment opportunities. The company stated it does not undertake any obligation to update forward-looking statements unless required by law.
This information is based on a press release statement included in a filing with the U.S. Securities and Exchange Commission.
In other recent news, News Corp has reiterated its authorization to repurchase up to $1 billion of its outstanding Class A and Class B common stock. This announcement was confirmed through multiple updates, including filings with the Securities and Exchange Commission. The company ensures transparency by providing daily disclosures of repurchase transactions to the Australian Securities Exchange, as per regulatory requirements. These disclosures are also included in News Corp’s quarterly and annual reports. The company’s statements about its intent to repurchase shares are forward-looking and may change based on factors such as market price and general market conditions. Copies of the information provided to the Australian Securities Exchange have been attached as exhibits in the SEC filings. News Corp’s management emphasizes that these repurchase plans are subject to applicable securities laws and alternative investment opportunities.
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