News Corp (NWS) reported a daily buy-back notification to the Australian Securities Exchange on October 19, 2026. The filing details the repurchase of 13,333,833 shares in the days preceding the announcement, raising questions about the company's ongoing capital allocation strategy. This update serves as an amendment to a prior notification initially lodged on July 15, 2025.
The transaction involved a total consideration of US$351,557,243.55 for the shares bought back or for which acceptances were received. According to the document, the highest price paid was US$31.58, recorded on August 27, 2026. Conversely, the lowest price paid was US$22.20, dated February 9, 2026. These figures reflect the market conditions and specific execution dates for the repurchases included in this specific reporting period.
News Corp identified the broker facilitating the buy-back as Goldman Sachs & Co. LLC. The entity indicated that the purpose of the buy-back is to enhance shareholder value. The notification confirms that no restrictions on foreign participation apply to this specific buy-back type, and no security holder approval is required beyond what may have been previously obtained.
The filing notes that information provided to ASX becomes the property of the exchange and may be made public. While the source document includes fields for maximum and minimum number of securities for on-market buy-backs, these specific numerical caps are not populated in this text. Instead, the focus remains on the aggregate volume and cost of shares already transacted as of the notification date. The daily notification requirement stems from listing rule 3.8A, which mandates submission at least half an hour before trading commences on the business day following any day securities are bought back.
This report is part of a broader repurchase program authorized as of July 15, 2025, which allows for an aggregate of US$1 billion in repurchases of Class A and Class B common stock. The current notification provides concrete data on the execution of this program over a recent interval, specifically highlighting the volume of shares and the total cash consideration involved. The data points to a consistent flow of buy-back activity, with prices varying between US$22.20 and US$31.58 during the referenced period.