AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said its stock repurchase program (the Repurchase Program) has been authorized for up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.
Key points
AI summaryNews Corp said its stock repurchase program (the Repurchase Program) has been authorized for up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.
News Corp filed a daily buy-back notification with the ASX for Class A common stock (ASX code NWSAA) under ASX rules, dated January 10, 2024. It said it repurchased 8,813 shares on the previous day, January 9, 2024, for a total of US$215,112.99.
News Corp disclosed that, before January 9, 2024, it had repurchased a cumulative total of 17,125,490 shares for total consideration of US$319,638,191.15. The highest price paid was US$24.80 on December 29, 2023, and the lowest price paid was US$14.88 on September 29, 2022.
The company said that since the program began, it has repurchased Class A and Class B shares worth approximately US$480,189,147.48 based on total consideration paid. This is within the maximum authorized amount of US$1 billion, and the number of Class A shares outstanding at the time of the notice was 376,506,260.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
US$1 billion Stock Repurchase Program Overview
News Corp said its stock repurchase program (the Repurchase Program) has been authorized for up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.
Source · Based on the filing body and exhibits
Class A Common Stock Daily Buy-Back Notice
News Corp filed a daily buy-back notification with the ASX for Class A common stock (ASX code NWSAA) under ASX rules, dated January 10, 2024. It said it repurchased 8,813 shares on the previous day, January 9, 2024, for a total of US$215,112.99.
Source · Based on the filing body and exhibits
Purchase Price Range and Cumulative Shares and Consideration
News Corp disclosed that, before January 9, 2024, it had repurchased a cumulative total of 17,125,490 shares for total consideration of US$319,638,191.15. The highest price paid was US$24.80 on December 29, 2023, and the lowest price paid was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Cumulative Program Spending and Shares Outstanding
The company said that since the program began, it has repurchased Class A and Class B shares worth approximately US$480,189,147.48 based on total consideration paid. This is within the maximum authorized amount of US$1 billion, and the number of Class A shares outstanding at the time of the notice was 376,506,260.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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