AI English summary of an SEC filing — figures as filed
News Corp operates a repurchase program authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock.
Key points
AI summaryNews Corp operates a repurchase program authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock.
The company reported to the ASX on a daily basis that it bought 15,371 shares of Class A common stock for a total of US$372,703.71 on April 17, 2024. Cumulative purchases before that were 17,965,274 shares for US$341,087,444.28.
The company said the lowest purchase price on April 17, 2024 was US$24.17 and the highest was US$24.35. For the cumulative period before that, the highest price was US$27.09 on March 11, 2024, and the lowest price was US$14.88 on September 29, 2022.
The company said it has bought Class A and Class B shares worth approximately US$512,142,201.59 in total consideration so far under the US$1 billion program. No ASX-listed CDIs will be repurchased 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 Stock Repurchase Program
News Corp operates a repurchase program authorized to acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock.
Source · Based on the filing body and exhibits
Class A Daily Buyback Notice: 15,371 Shares on April 17, 2024
The company reported to the ASX on a daily basis that it bought 15,371 shares of Class A common stock for a total of US$372,703.71 on April 17, 2024. Cumulative purchases before that were 17,965,274 shares for US$341,087,444.28.
Source · Based on the filing body and exhibits
Purchase Price Range: US$24.17 to US$24.35 on Prior Day
The company said the lowest purchase price on April 17, 2024 was US$24.17 and the highest was US$24.35. For the cumulative period before that, the highest price was US$27.09 on March 11, 2024, and the lowest price was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
About US$512,142,201.59 of US$1 billion Limit Used
The company said it has bought Class A and Class B shares worth approximately US$512,142,201.59 in total consideration so far under the US$1 billion program. No ASX-listed CDIs will be repurchased 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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