AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryNews 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.
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.
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.
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-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
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.
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