AI English summary of an SEC filing — figures as filed
The company said it is authorized to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. It said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its share price.
Key points
AI summaryThe company said it is authorized to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. It said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its share price.
News Corp said that under Australian Securities Exchange (ASX) rules, it must disclose daily any transactions under its share repurchase program. It said the information provided to the ASX in this 8-K is attached as Exhibit 99.1 and Exhibit 99.2.
The company reported in its daily Class A common stock buy-back notification that, before February 16, 2024, it had repurchased a cumulative 17,378,515 shares for total consideration of US$325,901,354.90, and that on February 16 it repurchased 13,774 shares for total consideration of US$364,535.80.
The company said it has purchased Class A and Class B shares worth approximately US$489,428,676.04 in total consideration to date, out of its $1 billion authorization.
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 $1 billion Share Repurchase Program
The company said it is authorized to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. It said it plans to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its share price.
Source · Based on the filing body and exhibits
ASX Daily Buy-Back Disclosure Requirement
News Corp said that under Australian Securities Exchange (ASX) rules, it must disclose daily any transactions under its share repurchase program. It said the information provided to the ASX in this 8-K is attached as Exhibit 99.1 and Exhibit 99.2.
Source · Based on the filing body and exhibits
Class A Common Stock Repurchase Cumulative Total
The company reported in its daily Class A common stock buy-back notification that, before February 16, 2024, it had repurchased a cumulative 17,378,515 shares for total consideration of US$325,901,354.90, and that on February 16 it repurchased 13,774 shares for total consideration of US$364,535.80.
Source · Based on the filing body and exhibits
Cumulative Program Purchases
The company said it has purchased Class A and Class B shares worth approximately US$489,428,676.04 in total consideration to date, out of its $1 billion authorization.
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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