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AI English summary of an SEC filing — figures as filed

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News Corp said it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program. The company said it plans to make purchases from time to time in the market, taking into account market conditions and the stock price, among other factors.

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

Key points

AI summary
  1. News Corp said it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program. The company said it plans to make purchases from time to time in the market, taking into account market conditions and the stock price, among other factors.

  2. News Corp said in its ASX filing that it has bought about US$530,598,971.16 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.

  3. News Corp said it bought 12,580 Class A common shares at US$346,377.72 on June 5, 2024, the previous day. Cumulative purchases before the previous day were 18,454,119 shares, or US$353,404,935.69.

  4. News Corp said it paid a highest price of US$27.76 and a lowest price of US$27.22 for Class A common shares on June 5, 2024, the previous day. The highest price before the previous day was US$27.43 on June 4, 2024, and the lowest was US$14.88 on September 29, 2022.

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.

Repurchase Program Authorized Limit

News Corp said it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program. The company said it plans to make purchases from time to time in the market, taking into account market conditions and the stock price, among other factors.

Source · Based on the filing body and exhibits

Cumulative Repurchase Program Spending

News Corp said in its ASX filing that it has bought about US$530,598,971.16 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Repurchases

News Corp said it bought 12,580 Class A common shares at US$346,377.72 on June 5, 2024, the previous day. Cumulative purchases before the previous day were 18,454,119 shares, or US$353,404,935.69.

Source · Based on the filing body and exhibits

Class A Share Purchase Price Range

News Corp said it paid a highest price of US$27.76 and a lowest price of US$27.22 for Class A common shares on June 5, 2024, the previous day. The highest price before the previous day was US$27.43 on June 4, 2024, and the lowest was US$14.88 on September 29, 2022.

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.