AI English summary of an SEC filing — figures as filed
News Corp NWSThe company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its stock price, among other factors.
Key points
AI summaryThe company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its stock price, among other factors.
In its daily buy-back notice to the ASX, the company said it bought back 13,774 shares for US$363,027.54 on February 26, 2024, and that prior purchases totaled 17,448,135 shares for US$327,732,523.22 in total. The lowest purchase price on February 26 was US$26.25.
The company said it has bought back approximately US$492,156,687.36 of Class A and Class B shares to date, based on total consideration paid. The highest purchase price before February 26 was US$26.68 (2024-02-15), and the lowest was US$14.88 (2022-09-29).
The company classified the program as an "Other buy-back" in its ASX notice. It said the broker is BofA Securities, Inc. and the reason for the buy-back is "To enhance shareholder value." The company also said 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 Stock Repurchase Program
The company said it has a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined. The company said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and its stock price, among other factors.
Source · Based on the filing body and exhibits
Class A Daily Purchase Summary (2024-02-26)
In its daily buy-back notice to the ASX, the company said it bought back 13,774 shares for US$363,027.54 on February 26, 2024, and that prior purchases totaled 17,448,135 shares for US$327,732,523.22 in total. The lowest purchase price on February 26 was US$26.25.
Source · Based on the filing body and exhibits
Cumulative Purchases and Price Range
The company said it has bought back approximately US$492,156,687.36 of Class A and Class B shares to date, based on total consideration paid. The highest purchase price before February 26 was US$26.68 (2024-02-15), and the lowest was US$14.88 (2022-09-29).
Source · Based on the filing body and exhibits
Buy-Back Type, Broker and Reason
The company classified the program as an "Other buy-back" in its ASX notice. It said the broker is BofA Securities, Inc. and the reason for the buy-back is "To enhance shareholder value." The company also said 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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