AI English summary of an SEC filing — figures as filed
News Corp said it operates a stock repurchase program under which it may buy up to $1 billion in aggregate of its Class A and Class B common stock. The company said it plans to make purchases 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 operates a stock repurchase program under which it may buy up to $1 billion in aggregate of its Class A and Class B common stock. The company said it plans to make purchases 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 in its ASX notification that on February 13, 2024, it repurchased 14,572 shares of Class A common stock for a total of US$373,116.06, with the purchase price that day ranging from US$25.47 to US$25.82.
The company said in its ASX notification that before February 13, 2024, it repurchased 17,335,597 shares of Class A common stock for a total of US$324,786,121.00. The highest purchase price in that period was US$26.30 on 2024-02-12, and the lowest was US$14.88 on 2022-09-29.
The company said it has bought approximately US$487,779,521.61 of Class A and Class B shares to date under the $1 billion program, based on total consideration paid.
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 Repurchase Program
News Corp said it operates a stock repurchase program under which it may buy up to $1 billion in aggregate of its Class A and Class B common stock. The company said it plans to make purchases 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
Class A Repurchases on February 13, 2024
The company said in its ASX notification that on February 13, 2024, it repurchased 14,572 shares of Class A common stock for a total of US$373,116.06, with the purchase price that day ranging from US$25.47 to US$25.82.
Source · Based on the filing body and exhibits
Cumulative Shares and Consideration Through Prior Day
The company said in its ASX notification that before February 13, 2024, it repurchased 17,335,597 shares of Class A common stock for a total of US$324,786,121.00. The highest purchase price in that period was US$26.30 on 2024-02-12, and the lowest was US$14.88 on 2022-09-29.
Source · Based on the filing body and exhibits
Cumulative Program Spending
The company said it has bought approximately US$487,779,521.61 of Class A and Class B shares to date under the $1 billion program, based on total consideration paid.
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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