What did News Corporation (ASX:NWS) announce?

The company confirmed its repurchase programme applies only to its Nasdaq-listed Class A and Class B common shares.

Are ASX-listed CDIs included in the programme?

No. News Corporation confirmed that ASX-listed CHESS Depository Interests are excluded.

Why is the update important?

The announcement clarifies which securities are eligible under the company's existing capital management programme.

Why Is News Corporation (ASX:NWS) Buying Back US Shares But Not ASX CDIs?

NWS

2 min read | July 07, 2026 10:22 AM AEST | By Sam

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Why Is News Corporation (ASX:NWS) Buying Back US Shares But Not ASX CDIs? — Image source: Shutterstock

What Did News Corporation Announce?

News Corporation advised the ASX that its existing 2025 Repurchase Programme applies solely to securities listed on Nasdaq.

The company confirmed that only its US-listed Class A and Class B common shares are eligible for repurchase, while Australian-listed CDIs remain outside the scope of the programme.

The update provides greater clarity for Australian security holders regarding how the programme will operate.

Why Are ASX CDIs Excluded?

According to the announcement, the repurchase initiative is limited to the company's US-listed common shares.

No ASX-listed CHESS Depository Interests will be repurchased under the existing authorisation, meaning Australian-listed securities remain unchanged.

What Does The Programme Mean?

The repurchase programme forms part of News Corporation's broader capital management strategy.

Such programmes allow companies to manage their capital structure while maintaining flexibility to respond to market conditions and other corporate priorities.

Although the initiative may influence the liquidity and ownership profile of the Nasdaq-listed shares, it does not directly affect the ASX-listed CDIs.

About News Corporation

News Corporation is a global media and information services company with operations spanning news publishing, digital media, information services and content businesses.

The company maintains dual listings through Nasdaq-listed common shares and ASX-listed CHESS Depository Interests representing its equity.

News Corporation's latest update confirms that its existing repurchase programme remains focused exclusively on its Nasdaq-listed securities. The announcement also provides certainty that ASX-listed CHESS Depository Interests are not part of the current capital management initiative.

Frequently Asked Questions

What did News Corporation (ASX:NWS) announce?
The company confirmed its repurchase programme applies only to its Nasdaq-listed Class A and Class B common shares.
Are ASX-listed CDIs included in the programme?
No. News Corporation confirmed that ASX-listed CHESS Depository Interests are excluded.
Why is the update important?
The announcement clarifies which securities are eligible under the company's existing capital management programme.

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