AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its buy-back program. The company said it intends to buy back shares from time to time in the open market or otherwise, taking into account market conditions and its share price, among other factors.
Key points
AI summaryNews Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its buy-back program. The company said it intends to buy back shares from time to time in the open market or otherwise, taking into account market conditions and its share price, among other factors.
The company said it has repurchased approximately US$484,796,016.86 of Class A and Class B shares to date, based on total consideration paid. The aggregate authorization limit is US$1 billion.
The company disclosed that on 31/01/2024, the previous trading day, it repurchased 7,927 Class A shares for a total of US$196,297.89, paying a highest price of US$24.98 and a lowest price of US$24.64. Cumulative purchases before that day totaled 17,259,575 shares, or US$322,884,715.75.
In this notification, News Corp said 376,377,691 Class A shares are on issue, BofA Securities, Inc. is the broker, and the reason for the buy-back is to enhance shareholder value. It stated that no security holder approval is required and that no ASX-listed CDIs will be repurchased.
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 Buy-Back Program Overview
News Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its buy-back program. The company said it intends to buy back shares from time to time in the open market or otherwise, taking into account market conditions and its share price, among other factors.
Source · Based on the filing body and exhibits
Cumulative Repurchases of US$484,796,016.86
The company said it has repurchased approximately US$484,796,016.86 of Class A and Class B shares to date, based on total consideration paid. The aggregate authorization limit is US$1 billion.
Source · Based on the filing body and exhibits
Daily Repurchase Details for 2024-01-31
The company disclosed that on 31/01/2024, the previous trading day, it repurchased 7,927 Class A shares for a total of US$196,297.89, paying a highest price of US$24.98 and a lowest price of US$24.64. Cumulative purchases before that day totaled 17,259,575 shares, or US$322,884,715.75.
Source · Based on the filing body and exhibits
Key Terms of ASX Buy-Back Notice
In this notification, News Corp said 376,377,691 Class A shares are on issue, BofA Securities, Inc. is the broker, and the reason for the buy-back is to enhance shareholder value. It stated that no security holder approval is required and that no ASX-listed CDIs will be repurchased.
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.
Loading the filing text…