AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryNews 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.
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.
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.
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-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 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.
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