AI English summary of an SEC filing — figures as filed
The company said its stock repurchase program, the Repurchase Program, covers up to US$1 billion in the aggregate of Class A common stock and Class B common stock. It said no ASX-listed CDIs will be repurchased under the program.
Key points
AI summaryThe company said its stock repurchase program, the Repurchase Program, covers up to US$1 billion in the aggregate of Class A common stock and Class B common stock. It said no ASX-listed CDIs will be repurchased under the program.
The company said it repurchased 12,869 shares of Class A common stock on June 14, 2024 for a total of US$346,410.32, according to its daily ASX buy-back notification (Appendix 3C). The highest price paid that day was US$27.12, and the lowest was US$26.78.
The company said it had bought back a total of 18,542,636 shares for a total of US$355,829,713.96 before the previous day, June 14, 2024. It also said it had bought approximately US$534,236,136.31 worth of Class A and Class B shares to date.
The company reported 375,228,590 as the total number of Class A common shares on issue to be bought back. BofA Securities, Inc. is the broker for the buy-back. The company said the reason for the buy-back is to enhance shareholder value, and that no security holder approval is required.
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
The company said its stock repurchase program, the Repurchase Program, covers up to US$1 billion in the aggregate of Class A common stock and Class B common stock. It said no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
Class A Daily Buy-Back Notice: June 14, 2024
The company said it repurchased 12,869 shares of Class A common stock on June 14, 2024 for a total of US$346,410.32, according to its daily ASX buy-back notification (Appendix 3C). The highest price paid that day was US$27.12, and the lowest was US$26.78.
Source · Based on the filing body and exhibits
Cumulative Repurchases Since Program Inception
The company said it had bought back a total of 18,542,636 shares for a total of US$355,829,713.96 before the previous day, June 14, 2024. It also said it had bought approximately US$534,236,136.31 worth of Class A and Class B shares to date.
Source · Based on the filing body and exhibits
Class A Shares Outstanding and Buy-Back Notice Terms
The company reported 375,228,590 as the total number of Class A common shares on issue to be bought back. BofA Securities, Inc. is the broker for the buy-back. The company said the reason for the buy-back is to enhance shareholder value, and that no security holder approval is required.
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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