AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it operates a Repurchase Program authorizing it to buy up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.
Key points
AI summaryNews Corp said it operates a Repurchase Program authorizing it to buy up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.
In its daily Class A buy-back notice filed with the ASX, the company said it bought 12,698 securities on June 3, 2024, the previous day, for a total of US$346,396.36. It said the cumulative amount before that day was 18,428,749 securities, US$352,712,127.40.
The company said the highest price paid the previous day was US$27.41 and the lowest was US$27.13. It also said it had bought approximately US$529,559,785.99 worth of Class A and Class B shares to date, based on total consideration paid.
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price, and that no ASX-listed CDIs will be repurchased under the program. It listed the number of Class A shares on issue as 375,301,686.
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 it operates a Repurchase Program authorizing it to buy up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.
Source · Based on the filing body and exhibits
Daily Class A Buy-Back Activity (Previous Day, June 3, 2024)
In its daily Class A buy-back notice filed with the ASX, the company said it bought 12,698 securities on June 3, 2024, the previous day, for a total of US$346,396.36. It said the cumulative amount before that day was 18,428,749 securities, US$352,712,127.40.
Source · Based on the filing body and exhibits
Previous-Day Price Range and Cumulative Amount Repurchased
The company said the highest price paid the previous day was US$27.41 and the lowest was US$27.13. It also said it had bought approximately US$529,559,785.99 worth of Class A and Class B shares to date, based on total consideration paid.
Source · Based on the filing body and exhibits
Buy-Back Method and Class A Shares on Issue
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price, and that no ASX-listed CDIs will be repurchased under the program. It listed the number of Class A shares on issue as 375,301,686.
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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