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AI English summary of an SEC filing — figures as filed

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The company said it is authorized to acquire up to $1 billion in Class A and Class B common stock combined. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

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

Key points

AI summary
  1. The company said it is authorized to acquire up to $1 billion in Class A and Class B common stock combined. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

  2. In its daily ASX notification, the company said it repurchased 14,506 shares on July 10, 2024 for US$403,052.11. The highest price paid that day was US$27.88 and the lowest was US$27.65.

  3. The company said it has purchased approximately US$543,833,821.64 of Class A and Class B shares to date, based on total consideration paid, within its authorization of up to US$1 billion in combined Class A and Class B common stock.

  4. The company said it must disclose its share buyback transactions to the ASX daily under ASX rules. In this notification, it reported 375,094,375 Class A shares on issue and listed the reason for the buyback as "To enhance shareholder value."

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.

News Corp Launches US$1 billion Share Repurchase Program

The company said it is authorized to acquire up to $1 billion in Class A and Class B common stock combined. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price.

Source · Based on the filing body and exhibits

Class A Share Repurchases as of July 10, 2024

In its daily ASX notification, the company said it repurchased 14,506 shares on July 10, 2024 for US$403,052.11. The highest price paid that day was US$27.88 and the lowest was US$27.65.

Source · Based on the filing body and exhibits

Cumulative Repurchases and Remaining Authorization

The company said it has purchased approximately US$543,833,821.64 of Class A and Class B shares to date, based on total consideration paid, within its authorization of up to US$1 billion in combined Class A and Class B common stock.

Source · Based on the filing body and exhibits

ASX Disclosure Obligations and Class A Shares on Issue

The company said it must disclose its share buyback transactions to the ASX daily under ASX rules. In this notification, it reported 375,094,375 Class A shares on issue and listed the reason for the buyback as "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.

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.