AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it has been authorized under its Repurchase Program to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It 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 summaryNews Corp said it has been authorized under its Repurchase Program to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It 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.
The company said it has bought Class A and Class B shares worth approximately US$487,220,725.72 under the program to date, based on total consideration paid. The total authorization is US$1 billion.
The company said it had notified the ASX that it repurchased 13,774 shares for a total of US$360,158.42 on February 12, 2024 (previous day). Purchases made before that day totaled 17,321,823 shares, for a total of US$324,425,962.58, according to the filing.
The company said the price paid for its purchases on February 12, 2024 ranged from US$26.00 to US$26.30. It also reported that, on a cumulative basis, the highest price paid was US$26.20 (February 8, 2024) and the lowest was US$14.88 (September 29, 2022). The filing listed the total number of Class A common shares outstanding as 376,311,169.
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 Share Buy-Back Program Overview
News Corp said it has been authorized under its Repurchase Program to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It 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
Cumulative Buy-Back Activity Since Program Start
The company said it has bought Class A and Class B shares worth approximately US$487,220,725.72 under the program to date, based on total consideration paid. The total authorization is US$1 billion.
Source · Based on the filing body and exhibits
Daily Class A Buy-Back Activity (February 12, 2024)
The company said it had notified the ASX that it repurchased 13,774 shares for a total of US$360,158.42 on February 12, 2024 (previous day). Purchases made before that day totaled 17,321,823 shares, for a total of US$324,425,962.58, according to the filing.
Source · Based on the filing body and exhibits
Class A Buy-Back Price Range and Shares on Issue
The company said the price paid for its purchases on February 12, 2024 ranged from US$26.00 to US$26.30. It also reported that, on a cumulative basis, the highest price paid was US$26.20 (February 8, 2024) and the lowest was US$14.88 (September 29, 2022). The filing listed the total number of Class A common shares outstanding as 376,311,169.
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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