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AI English summary of an SEC filing — figures as filed

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News Corp said its Repurchase Program authorizes buybacks of up to $1 billion in the aggregate of Class A and Class B common stock. The company said it plans to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said its Repurchase Program authorizes buybacks of up to $1 billion in the aggregate of Class A and Class B common stock. The company said it plans to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.

  2. News Corp said it filed a Daily buy-back notification with the ASX for its Class A common stock (NWSAA) on March 26, 2024. It said it bought back 14,424 shares for a total of US$375,518.74 on the previous day, March 25, 2024.

  3. The company said it had bought back 17,730,611 shares before March 25, 2024, for total consideration of US$335,113,626.35. The highest price paid was US$27.09 on March 11, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

  4. News Corp said it has bought back approximately US$503,191,454.03 of Class A and Class B shares to date (based on total consideration paid), under its $1 billion authorization. The company said Class A common stock had 375,983,441 shares outstanding.

Summary

AI-written

Analysis 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 Buyback Program

News Corp said its Repurchase Program authorizes buybacks of up to $1 billion in the aggregate of Class A and Class B common stock. The company said it plans to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Buy-Back Notice

News Corp said it filed a Daily buy-back notification with the ASX for its Class A common stock (NWSAA) on March 26, 2024. It said it bought back 14,424 shares for a total of US$375,518.74 on the previous day, March 25, 2024.

Source · Based on the filing body and exhibits

Cumulative Shares Repurchased, Spend and Price Range

The company said it had bought back 17,730,611 shares before March 25, 2024, for total consideration of US$335,113,626.35. The highest price paid was US$27.09 on March 11, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Spend Against US$1 billion Authorization

News Corp said it has bought back approximately US$503,191,454.03 of Class A and Class B shares to date (based on total consideration paid), under its $1 billion authorization. The company said Class A common stock had 375,983,441 shares outstanding.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.