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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) is authorized to acquire up to $1 billion in the aggregate of 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) is authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

  2. The company said it must disclose Repurchase Program transactions to the Australian Securities Exchange (ASX) daily under ASX rules, and this Appendix 3C is the daily buy-back notification for the Class A common stock under code NWSAA.

  3. The company said it bought 13,162 shares on May 16, 2024 at US$346,380.41, with a high of US$26.51 and a low of US$26.18 that day.

  4. The company said it has bought approximately US$523,844,428.73 of Class A and Class B shares under the repurchase program, based on total consideration paid, and the total authorization is US$1 billion.

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.

News Corp $1 billion Share Repurchase Program

News Corp said its stock repurchase program (the Repurchase Program) is authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

News Corp B Shares Subject to Daily Buy-Back Notice

The company said it must disclose Repurchase Program transactions to the Australian Securities Exchange (ASX) daily under ASX rules, and this Appendix 3C is the daily buy-back notification for the Class A common stock under code NWSAA.

Source · Based on the filing body and exhibits

Repurchase Activity on May 16, 2024

The company said it bought 13,162 shares on May 16, 2024 at US$346,380.41, with a high of US$26.51 and a low of US$26.18 that day.

Source · Based on the filing body and exhibits

Cumulative Repurchases Under Program

The company said it has bought approximately US$523,844,428.73 of Class A and Class B shares under the repurchase program, based on total consideration paid, and the total authorization is US$1 billion.

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.