AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it has a repurchase program under which it may buy back Class A and Class B common stock, in aggregate, up to US$1 billion from time to time. The company explained that under Australian Securities Exchange (ASX) rules, it must disclose transactions under the program to the ASX daily.
Key points
AI summaryNews Corp said it has a repurchase program under which it may buy back Class A and Class B common stock, in aggregate, up to US$1 billion from time to time. The company explained that under Australian Securities Exchange (ASX) rules, it must disclose transactions under the program to the ASX daily.
The company said it had bought back Class A and Class B shares for total consideration of about US$545,039,051.73 under the US$1 billion authorization.
The company disclosed that on July 12, 2024, it repurchased 14,506 Class A shares for a total of US$404,736.26. The price paid on that day ranged from a low of US$27.79 to a high of US$28.07.
The company disclosed that before July 12, 2024, it had repurchased 18,804,850 Class A shares for a total of US$363,020,591.80. The lowest price paid in this period was US$14.88 on September 29, 2022, and the highest was US$28.02 on July 11, 2024.
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 Share Repurchase Program
News Corp said it has a repurchase program under which it may buy back Class A and Class B common stock, in aggregate, up to US$1 billion from time to time. The company explained that under Australian Securities Exchange (ASX) rules, it must disclose transactions under the program to the ASX daily.
Source · Based on the filing body and exhibits
Cumulative buybacks of about US$545,039,051.73
The company said it had bought back Class A and Class B shares for total consideration of about US$545,039,051.73 under the US$1 billion authorization.
Source · Based on the filing body and exhibits
Daily buyback activity on July 12, 2024
The company disclosed that on July 12, 2024, it repurchased 14,506 Class A shares for a total of US$404,736.26. The price paid on that day ranged from a low of US$27.79 to a high of US$28.07.
Source · Based on the filing body and exhibits
Shares repurchased and consideration before July 12
The company disclosed that before July 12, 2024, it had repurchased 18,804,850 Class A shares for a total of US$363,020,591.80. The lowest price paid in this period was US$14.88 on September 29, 2022, and the highest was US$28.02 on July 11, 2024.
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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