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AI English summary of an SEC filing — figures as filed

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News Corp said its stock repurchase program, the Repurchase Program, has been approved to buy back up to US$1 billion in aggregate of Class A and Class B common stock from time to time.

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

Key points

AI summary
  1. News Corp said its stock repurchase program, the Repurchase Program, has been approved to buy back up to US$1 billion in aggregate of Class A and Class B common stock from time to time.

  2. The company told the ASX that on July 15, 2024, it repurchased 14,506 shares of Class A common stock for a total consideration of US$402,232.52, with a highest price paid of US$27.71 and a lowest price of US$27.55.

  3. The company said it had bought Class A common stock before July 15, 2024 totaling 18,819,356 shares for total consideration of US$363,425,328.06, with the highest price paid being US$28.07 on July 12, 2024 and the lowest price being US$14.88 on September 29, 2022.

  4. The company said it had repurchased Class A and Class B shares with total consideration of about US$545,636,701.49 to date. It said purchases are made from time to time depending on market conditions and the stock price, among other factors, and that no ASX-listed CDIs are subject to repurchase.

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 Stock Repurchase Program

News Corp said its stock repurchase program, the Repurchase Program, has been approved to buy back up to US$1 billion in aggregate of Class A and Class B common stock from time to time.

Source · Based on the filing body and exhibits

Daily Repurchase Activity for July 15, 2024

The company told the ASX that on July 15, 2024, it repurchased 14,506 shares of Class A common stock for a total consideration of US$402,232.52, with a highest price paid of US$27.71 and a lowest price of US$27.55.

Source · Based on the filing body and exhibits

Cumulative Repurchases Before July 15

The company said it had bought Class A common stock before July 15, 2024 totaling 18,819,356 shares for total consideration of US$363,425,328.06, with the highest price paid being US$28.07 on July 12, 2024 and the lowest price being US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Program Spending and Purchase Terms

The company said it had repurchased Class A and Class B shares with total consideration of about US$545,636,701.49 to date. It said purchases are made from time to time depending on market conditions and the stock price, among other factors, and that no ASX-listed CDIs are subject to repurchase.

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.