AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said its stock repurchase program (the Repurchase Program) lets it buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily, under ASX rules.
Key points
AI summaryNews Corp said its stock repurchase program (the Repurchase Program) lets it buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily, under ASX rules.
In its daily ASX notice (dated June 19, 2024), the company said it bought back 14,845 Class A shares for a total of US$401,257.38 on the prior business day, June 18, 2024. The highest price paid that day was US$27.11, and the lowest was US$26.84.
News Corp said its ASX notice showed 18,570,809 shares were bought back before the previous business day, for a total consideration of US$356,588,342.11. The company said it has bought back approximately US$535,452,036.09 worth of Class A and Class B shares to date, based on total consideration paid.
News Corp said it intends to repurchase Class A and Class B shares from time to time, in the open market or otherwise, subject to market conditions and the stock price and other factors. The company said no ASX-listed CDIs will be repurchased under the program. It said the purpose of the buybacks is to enhance shareholder value.
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.
News Corp US$1 billion Stock Repurchase Program
News Corp said its stock repurchase program (the Repurchase Program) lets it buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily, under ASX rules.
Source · Based on the filing body and exhibits
Class A Share Repurchases for June 18, 2024
In its daily ASX notice (dated June 19, 2024), the company said it bought back 14,845 Class A shares for a total of US$401,257.38 on the prior business day, June 18, 2024. The highest price paid that day was US$27.11, and the lowest was US$26.84.
Source · Based on the filing body and exhibits
Cumulative Repurchases Since Program Start
News Corp said its ASX notice showed 18,570,809 shares were bought back before the previous business day, for a total consideration of US$356,588,342.11. The company said it has bought back approximately US$535,452,036.09 worth of Class A and Class B shares to date, based on total consideration paid.
Source · Based on the filing body and exhibits
Repurchase Method and Purpose
News Corp said it intends to repurchase Class A and Class B shares from time to time, in the open market or otherwise, subject to market conditions and the stock price and other factors. The company said no ASX-listed CDIs will be repurchased under the program. It said the purpose of the buybacks is to enhance shareholder value.
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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