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AI English summary of an SEC filing — figures as filed

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News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.

  2. The company said that under ASX rules it must disclose Repurchase Program transactions to the ASX daily, and that this 8-K includes the daily buy-back notification for COMMON STOCK CLASS A dated January 19, 2024 (Appendix 3C).

  3. The company told the ASX in its notice that it bought Class A shares on January 18 before the day, totaling 17,181,308 shares for US$320,979,213.87, and on January 18 bought 10,584 shares for US$248,350.38.

  4. The company said it has bought approximately US$482,151,422.02 of Class A and Class B shares to date, based on total consideration paid. The highest price paid in the notice was US$24.80, and the lowest price paid was US$14.88.

Summary

AI-written

Analysis 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.

Repurchase Authorization Limit

News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.

Source · Based on the filing body and exhibits

ASX Daily Buy-Back Notice Attached

The company said that under ASX rules it must disclose Repurchase Program transactions to the ASX daily, and that this 8-K includes the daily buy-back notification for COMMON STOCK CLASS A dated January 19, 2024 (Appendix 3C).

Source · Based on the filing body and exhibits

January 18, 2024 Class A Repurchase Activity

The company told the ASX in its notice that it bought Class A shares on January 18 before the day, totaling 17,181,308 shares for US$320,979,213.87, and on January 18 bought 10,584 shares for US$248,350.38.

Source · Based on the filing body and exhibits

Cumulative Purchases and Price Range

The company said it has bought approximately US$482,151,422.02 of Class A and Class B shares to date, based on total consideration paid. The highest price paid in the notice was US$24.80, and the lowest price paid was US$14.88.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.