AI English summary of an SEC filing — figures as filed
News Corp NWSThe company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and the market price of its stock.
Key points
AI summaryThe company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and the market price of its stock.
In its daily buy-back notice to the Australian Securities Exchange (ASX) for Class A common stock, the company said it bought 10,584 shares on January 17, 2024, the previous day, for US$249,118.78. It said the highest price paid that day was US$23.71 and the lowest price paid was US$23.41.
The company notified the ASX that, for Class A common stock, it had bought back 17,170,724 shares for a total of US$320,730,095.09 before January 17, 2024. The highest price paid in that period was US$24.80 on December 29, 2023, and the lowest was US$14.88 on September 29, 2022.
The company said it has purchased approximately US$481,797,718.19 of Class A and Class B shares to date, based on total consideration paid, out of the US$1 billion authorized under the program.
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
The company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and the market price of its stock.
Source · Based on the filing body and exhibits
Class A Share Daily Buy-Back Notice (January 17)
In its daily buy-back notice to the Australian Securities Exchange (ASX) for Class A common stock, the company said it bought 10,584 shares on January 17, 2024, the previous day, for US$249,118.78. It said the highest price paid that day was US$23.71 and the lowest price paid was US$23.41.
Source · Based on the filing body and exhibits
Cumulative Shares Repurchased and Amount Before January 17
The company notified the ASX that, for Class A common stock, it had bought back 17,170,724 shares for a total of US$320,730,095.09 before January 17, 2024. The highest price paid in that period was US$24.80 on December 29, 2023, and the lowest was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Cumulative Program Spending
The company said it has purchased approximately US$481,797,718.19 of Class A and Class B shares to date, based on total consideration paid, out of the US$1 billion authorized under the program.
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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