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AI English summary of an SEC filing — figures as filed

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News Corp said its stock repurchase program (the Repurchase Program) authorizes it to acquire from time to time up to US$1 billion in the aggregate of its Class A common stock and Class B common stock.

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

Key points

AI summary
  1. News Corp said its stock repurchase program (the Repurchase Program) authorizes it to acquire from time to time up to US$1 billion in the aggregate of its Class A common stock and Class B common stock.

  2. The company said it bought back 13,627 Class A shares at US$346,381.99 on 2024-05-13, according to its ASX daily notification dated 2024-05-14. The highest price paid that day was US$25.55, and the lowest was US$25.15.

  3. The company said that, before the previous day, it had bought back a cumulative 18,244,158 Class A shares for US$347,862,694.45. It also said that, to date, it had bought approximately US$522,285,718.21 worth of Class A and Class B shares, based on total consideration paid.

  4. News Corp said the program covers its Nasdaq-listed Class A and Class B common stock and that no ASX-listed CDIs will be repurchased. It said that under ASX rules it must disclose program transactions daily to the ASX, if any occur. The company named BofA Securities, Inc. as the broker.

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 Repurchase Program Limit

News Corp said its stock repurchase program (the Repurchase Program) authorizes it to acquire from time to time 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 Buy-Back Notice (2024-05-13 Purchases)

The company said it bought back 13,627 Class A shares at US$346,381.99 on 2024-05-13, according to its ASX daily notification dated 2024-05-14. The highest price paid that day was US$25.55, and the lowest was US$25.15.

Source · Based on the filing body and exhibits

Class A Cumulative Purchases and Program Totals

The company said that, before the previous day, it had bought back a cumulative 18,244,158 Class A shares for US$347,862,694.45. It also said that, to date, it had bought approximately US$522,285,718.21 worth of Class A and Class B shares, based on total consideration paid.

Source · Based on the filing body and exhibits

Repurchase Scope and ASX Daily Disclosure Requirement

News Corp said the program covers its Nasdaq-listed Class A and Class B common stock and that no ASX-listed CDIs will be repurchased. It said that under ASX rules it must disclose program transactions daily to the ASX, if any occur. The company named BofA Securities, Inc. as the broker.

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.