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AI English summary of an SEC filing — figures as filed

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News Corp said it has a stock repurchase program under which it is authorized to buy back up to US$1 billion in aggregate of its Class A and Class B common stock. The company said it plans to acquire shares from time to time in the open market or otherwise, depending on 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 has a stock repurchase program under which it is authorized to buy back up to US$1 billion in aggregate of its Class A and Class B common stock. The company said it plans to acquire shares from time to time in the open market or otherwise, depending on market conditions and the stock price, among other factors.

  2. The company told the ASX that on 2024/06/24 it bought back 14,554 shares of Class A common stock in one day for a total of US$398,035.89. The highest price paid that day was US$27.51, and the lowest was US$26.95.

  3. The company said that, as of 2024/06/24, it had cumulatively bought back 18,616,224 shares for a total of US$357,813,014.73. Over the same period, the highest purchase price was US$27.91 on 2024/06/06, and the lowest purchase price was US$14.88 on 2022/09/29.

  4. The company said it had bought back Class A and Class B shares for a total consideration of about US$537,269,897.38 to date, out of its authorized limit of US$1 billion. The company also said it does not repurchase ASX-listed CDIs under this program.

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.

US$1 billion Stock Repurchase Program

News Corp said it has a stock repurchase program under which it is authorized to buy back up to US$1 billion in aggregate of its Class A and Class B common stock. The company said it plans to acquire shares from time to time in the open market or otherwise, depending on market conditions and the stock price, among other factors.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Buy-Back Details

The company told the ASX that on 2024/06/24 it bought back 14,554 shares of Class A common stock in one day for a total of US$398,035.89. The highest price paid that day was US$27.51, and the lowest was US$26.95.

Source · Based on the filing body and exhibits

Cumulative Buy-Backs Before Previous Day

The company said that, as of 2024/06/24, it had cumulatively bought back 18,616,224 shares for a total of US$357,813,014.73. Over the same period, the highest purchase price was US$27.91 on 2024/06/06, and the lowest purchase price was US$14.88 on 2022/09/29.

Source · Based on the filing body and exhibits

Cumulative Program Purchases

The company said it had bought back Class A and Class B shares for a total consideration of about US$537,269,897.38 to date, out of its authorized limit of US$1 billion. The company also said it does not repurchase ASX-listed CDIs under this program.

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.