Twenty-First Century Fox 2014 Annual Report Download - page 42

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36
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Since June 28, 2013, Twenty-First Century Fox’s Class A Common Stock and Class B Common Stock have
been listed and traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbols “FOXA” and
“FOX”, respectively. Until May 8, 2014, CHESS Depositary Interests (“CDIs”) representing the Class A Common
Stock and Class B Common Stock were traded on the Australian Securities Exchange (the “ASX”) under the
symbols “FOXLV” and “FOX,” respectively. As a result of the delisting from the ASX, Twenty-First Century Fox
is solely listed and traded on the NASDAQ. As of June 30, 2014, there were approximately 36,400 holders of
record of shares of Class A Common Stock and 1,400 holders of record of shares of Class B Common Stock.
The following table sets forth, for the fiscal periods indicated, the reported high and low sales prices for Class
A Common Stock and Class B Common Stock as reported on NASDAQ:
Class B
Common Stock
Class A
Common Stock
High Low Dividend(a) High Low Dividend(a)
Fiscal Year Ended June 30,
2013:
First Quarter .................................................... $ 22.27 $ 19.18 $ 0.085 $ 22.09 $ 19.04 $ 0.085
Second Quarter ................................................ 23.08 20.81 - 22.51 20.42 -
Third Quarter ................................................... 27.44 23.17 0.085 27.10 22.52 0.085
Fourth Quarter ................................................. 29.71 26.96 - 29.56 26.79 -
2014:
First Quarter .................................................... 33.40 29.34 0.125 33.51 29.21 0.125
Second Quarter ................................................ 34.85 31.65 - 35.18 32.20 -
Third Quarter ................................................... 35.04 30.21 0.125 35.63 30.73 0.125
Fourth Quarter ................................................. 35.36 30.77 - 36.21 31.65 -
(a) Cash dividend declared per share.
The timing and amount of cash dividends, if any, is determined by the Company’s Board of Directors (the
“Board”).
The Board has authorized a stock repurchase program, under which the Company is currently authorized to
acquire Class A Common Stock. In August 2013, the Board authorized the repurchase of $4 billion of Class A
Common Stock, excluding commissions, which replaced the remaining authorized amount under the stock
repurchase program.
The remaining authorized amount under the Company’s stock repurchase program at June 30, 2014, excluding
commissions, was approximately $0.6 billion which was utilized in full subsequent to June 30, 2014. In August
2014, the Company announced that the Board approved an additional $6 billion authorization to the Company’s
stock repurchase program for the repurchase of Class A Common Stock. The Company intends to complete this
stock repurchase program by August 2015.
The program may be modified, extended, suspended or discontinued at any time.