AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it runs a buy-back program to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price. It said no ASX-listed CDIs will be repurchased under the program.
Key points
AI summaryNews Corp said it runs a buy-back program to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price. It said no ASX-listed CDIs will be repurchased under the program.
In its daily buy-back notice for Class A common stock, the company said it repurchased 5,886 shares on February 9, 2024, the previous trading day, for a total of US$152,905.92. The highest price that day was US$26.15, and the lowest was US$25.72.
The company disclosed that it repurchased 17,315,937 shares before February 9, 2024 for a total of US$324,273,056.66. The highest price in this period was US$26.20 on February 8, 2024, and the lowest was US$14.88 on September 29, 2022.
News Corp said it has bought back Class A and Class B shares worth about US$486,682,155.53 (based on total consideration paid) against the US$1 billion authorization. The notice also listed 376,311,169 shares as the total number of Class A common stock on issue subject to the buy-back.
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.
News Corp US$1 billion Buy-Back Program
News Corp said it runs a buy-back program to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price. It said no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
Daily Buy-Back Activity for February 9, 2024
In its daily buy-back notice for Class A common stock, the company said it repurchased 5,886 shares on February 9, 2024, the previous trading day, for a total of US$152,905.92. The highest price that day was US$26.15, and the lowest was US$25.72.
Source · Based on the filing body and exhibits
Cumulative Purchases Before the Previous Trading Day
The company disclosed that it repurchased 17,315,937 shares before February 9, 2024 for a total of US$324,273,056.66. The highest price in this period was US$26.20 on February 8, 2024, and the lowest was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Program Cumulative Spending and Shares Outstanding
News Corp said it has bought back Class A and Class B shares worth about US$486,682,155.53 (based on total consideration paid) against the US$1 billion authorization. The notice also listed 376,311,169 shares as the total number of Class A common stock on issue subject to the buy-back.
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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