AI English summary of an SEC filing — figures as filed
News Corp said its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
Key points
AI summaryNews Corp said its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
In its ASX notice on Class A common stock, News Corp said it bought back 17,830,073 shares for a total of US$337,696,969.97 before April 4, 2024. The highest price paid in that period was US$27.09, and the lowest was US$14.88.
News Corp said it bought back 14,572 Class A common shares for a total of US$376,853.78 on April 4, 2024. The highest price paid that day was US$26.13, and the lowest was US$25.49.
News Corp said it has bought back approximately US$507,063,245.59 of Class A and Class B shares under the US$1 billion program, based on total consideration paid. The company also said it does not repurchase ASX-listed CDIs under this 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 its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
Source · Based on the filing body and exhibits
Class A Buybacks Before Prior Trading Day: 17,830,073 Shares
In its ASX notice on Class A common stock, News Corp said it bought back 17,830,073 shares for a total of US$337,696,969.97 before April 4, 2024. The highest price paid in that period was US$27.09, and the lowest was US$14.88.
Source · Based on the filing body and exhibits
Daily Buyback Details for April 4, 2024
News Corp said it bought back 14,572 Class A common shares for a total of US$376,853.78 on April 4, 2024. The highest price paid that day was US$26.13, and the lowest was US$25.49.
Source · Based on the filing body and exhibits
Cumulative Spending Against US$1 billion Authorization
News Corp said it has bought back approximately US$507,063,245.59 of Class A and Class B shares under the US$1 billion program, based on total consideration paid. The company also said it does not repurchase ASX-listed CDIs under this 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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