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AI English summary of an SEC filing — figures as filed

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The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in total of Class A common stock and Class B common stock.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in total of Class A common stock and Class B common stock.

  2. In its daily ASX buy-back notification (Appendix 3C), News Corp said it repurchased 14,506 Class A common shares on 2024-07-09, the previous trading day, for a total consideration of US$400,062.42. The lowest price paid was US$27.10 and the highest price paid was US$27.87.

  3. The company notified that it repurchased 18,761,332 Class A common shares for a total consideration of US$361,812,655.42 in the period before 2024-07-09. It said the highest price paid in this period was US$27.94 on 2024-06-26, and the lowest price paid was US$14.88 on 2022-09-29.

  4. News Corp said it has purchased approximately US$543,233,429.30 of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorization. It also said that no ASX-listed CDIs will be repurchased under the 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 Repurchase Program Authorization

The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in total of Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Repurchases, 2024-07-09

In its daily ASX buy-back notification (Appendix 3C), News Corp said it repurchased 14,506 Class A common shares on 2024-07-09, the previous trading day, for a total consideration of US$400,062.42. The lowest price paid was US$27.10 and the highest price paid was US$27.87.

Source · Based on the filing body and exhibits

Cumulative Class A Repurchases Before 2024-07-09

The company notified that it repurchased 18,761,332 Class A common shares for a total consideration of US$361,812,655.42 in the period before 2024-07-09. It said the highest price paid in this period was US$27.94 on 2024-06-26, and the lowest price paid was US$14.88 on 2022-09-29.

Source · Based on the filing body and exhibits

Cumulative Class A and Class B Repurchases

News Corp said it has purchased approximately US$543,233,429.30 of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorization. It also said that no ASX-listed CDIs will be repurchased under the 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.