AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it is authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program (the "Repurchase Program"). The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.
Key points
AI summaryNews Corp said it is authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program (the "Repurchase Program"). The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.
In its daily buy-back notice to the Australian Securities Exchange for 2024-02-16, the company said it repurchased 13,774 Class A shares on the previous day, 2024-02-15, for US$364,717.61. It said purchases before the previous day totaled 17,364,741 shares, for US$325,536,637.29.
News Corp said it has repurchased Class A and Class B shares for about US$488,883,791.20 in total, based on total consideration paid. The highest and lowest prices paid before the previous day were US$26.30 and US$14.88. On the previous day, the highest price was US$26.68 and the lowest was US$26.04.
The company said it filed the program as an "Other buy-back," with BofA Securities, Inc. as the broker and a stated purpose of enhancing shareholder value. It said the Class A shares outstanding were 376,311,169, and that no ASX-listed CDIs will be repurchased under the program.
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 Repurchase Program
News Corp said it is authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program (the "Repurchase Program"). The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.
Source · Based on the filing body and exhibits
Daily Class A Share Repurchase Activity
In its daily buy-back notice to the Australian Securities Exchange for 2024-02-16, the company said it repurchased 13,774 Class A shares on the previous day, 2024-02-15, for US$364,717.61. It said purchases before the previous day totaled 17,364,741 shares, for US$325,536,637.29.
Source · Based on the filing body and exhibits
Cumulative Repurchases and Purchase Prices
News Corp said it has repurchased Class A and Class B shares for about US$488,883,791.20 in total, based on total consideration paid. The highest and lowest prices paid before the previous day were US$26.30 and US$14.88. On the previous day, the highest price was US$26.68 and the lowest was US$26.04.
Source · Based on the filing body and exhibits
Buy-Back Type, Broker, Purpose and Shares Outstanding
The company said it filed the program as an "Other buy-back," with BofA Securities, Inc. as the broker and a stated purpose of enhancing shareholder value. It said the Class A shares outstanding were 376,311,169, and that no ASX-listed CDIs will be repurchased under the program.
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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