AI English summary of an SEC filing — figures as filed
News Corp said it runs a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock. Purchases are made from time to time.
Key points
AI summaryNews Corp said it runs a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock. Purchases are made from time to time.
The company said that in its daily ASX disclosure for Class A (July 8, 2024), it repurchased 14,506 shares on the previous day, July 5, 2024, for a total of US$399,131.14. The highest price that day was US$27.63, and the lowest was US$27.45.
News Corp disclosed that it had repurchased 18,732,320 shares before July 5, 2024, with total consideration of US$361,017,717.92. Over this period, the highest price was US$27.94 (June 26, 2024), and the lowest price was US$14.88 (September 29, 2022).
The company said it has bought Class A and Class B shares worth approximately US$542,047,001.11 in total consideration to date, out of the US$1 billion authorization.
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 runs a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in aggregate of its Class A common stock and Class B common stock. Purchases are made from time to time.
Source · Based on the filing body and exhibits
Daily Repurchase Details for July 5, 2024
The company said that in its daily ASX disclosure for Class A (July 8, 2024), it repurchased 14,506 shares on the previous day, July 5, 2024, for a total of US$399,131.14. The highest price that day was US$27.63, and the lowest was US$27.45.
Source · Based on the filing body and exhibits
Cumulative Repurchases Before Previous Day
News Corp disclosed that it had repurchased 18,732,320 shares before July 5, 2024, with total consideration of US$361,017,717.92. Over this period, the highest price was US$27.94 (June 26, 2024), and the lowest price was US$14.88 (September 29, 2022).
Source · Based on the filing body and exhibits
Utilization of US$1 billion Authorization
The company said it has bought Class A and Class B shares worth approximately US$542,047,001.11 in total consideration to date, out of the US$1 billion authorization.
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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