AI English summary of an SEC filing — figures as filed
News Corp said it has a stock repurchase program under which it may buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it plans 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 it has a stock repurchase program under which it may buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.
In its daily ASX notice, the company said it repurchased 7,909 Class A common shares for a total of US$196,133.71 on 2024-01-29, the previous day. The highest price paid on that day was US$25.03, and the lowest was US$24.64.
In its daily ASX notice, the company said it repurchased 17,243,739 shares for a total of US$322,491,424.07 before the previous day. The highest price paid in that period was US$25.04 on 2024-01-25, and the lowest was US$14.88 on 2022-09-29.
News Corp said it has bought back approximately US$484,241,882.21 of Class A and Class B shares combined, based on total consideration paid. The authorized limit is $1 billion, and the number of Class A shares outstanding was listed as 376,377,691.
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.
$1 billion Stock Repurchase Program Overview
News Corp said it has a stock repurchase program under which it may buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it plans 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
Daily Class A Repurchase Details for January 29, 2024
In its daily ASX notice, the company said it repurchased 7,909 Class A common shares for a total of US$196,133.71 on 2024-01-29, the previous day. The highest price paid on that day was US$25.03, and the lowest was US$24.64.
Source · Based on the filing body and exhibits
Cumulative Repurchases and Consideration Before Previous Day
In its daily ASX notice, the company said it repurchased 17,243,739 shares for a total of US$322,491,424.07 before the previous day. The highest price paid in that period was US$25.04 on 2024-01-25, and the lowest was US$14.88 on 2022-09-29.
Source · Based on the filing body and exhibits
Cumulative Program Spending and Class A Shares Outstanding
News Corp said it has bought back approximately US$484,241,882.21 of Class A and Class B shares combined, based on total consideration paid. The authorized limit is $1 billion, and the number of Class A shares outstanding was listed as 376,377,691.
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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