AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to $1 billion.
Key points
AI summaryNews Corp said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to $1 billion.
The company said that before the previous day, it had bought back a cumulative 18,847,617 shares for a total consideration of US$364,218,535.45. It said it bought back 14,506 shares for US$408,088.59 on July 17, 2024, the previous day.
The company said it had paid approximately US$546,826,542.75 to date for Class A and Class B shares. The highest price paid was US$28.61 on July 16, 2024, and the lowest price paid was US$14.88 on September 29, 2022.
News Corp said it intends to repurchase Nasdaq-listed Class A and Class B common stock from time to time, including in the open market, and that no ASX-listed CDIs will be repurchased under the program. BofA Securities, Inc. is the broker, and the buy-back reason is listed as "To enhance shareholder value."
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 Repurchase Program Authorization Limit
News Corp said its Repurchase Program, covering Class A and Class B common stock combined, is authorized for up to $1 billion.
Source · Based on the filing body and exhibits
Class A Daily Buy-Back Shares and Consideration
The company said that before the previous day, it had bought back a cumulative 18,847,617 shares for a total consideration of US$364,218,535.45. It said it bought back 14,506 shares for US$408,088.59 on July 17, 2024, the previous day.
Source · Based on the filing body and exhibits
Cumulative Purchases and Price Range
The company said it had paid approximately US$546,826,542.75 to date for Class A and Class B shares. The highest price paid was US$28.61 on July 16, 2024, and the lowest price paid was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Buy-Back Method, Broker and ASX Disclosure
News Corp said it intends to repurchase Nasdaq-listed Class A and Class B common stock from time to time, including in the open market, and that no ASX-listed CDIs will be repurchased under the program. BofA Securities, Inc. is the broker, and the buy-back reason is listed 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.
Loading the filing text…