AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it runs a stock repurchase program under which it may buy back up to $1 billion in total of its Class A and Class B common stock. The company said it intends to buy shares from time to time in the open market or otherwise, taking market conditions and its share price into account, and that no ASX-listed CDIs will be bought under the program.
Key points
AI summaryNews Corp said it runs a stock repurchase program under which it may buy back up to $1 billion in total of its Class A and Class B common stock. The company said it intends to buy shares from time to time in the open market or otherwise, taking market conditions and its share price into account, and that no ASX-listed CDIs will be bought under the program.
News Corp told the ASX that it bought back 14,499 shares of Class A common stock on July 22, 2024 for a total of US$400,940.85. The highest price paid that day was US$27.87, and the lowest was US$27.23.
News Corp said in its ASX filing that it bought back 18,891,135 shares of Class A common stock for a total of US$365,429,906.85 in the period before July 22, 2024. The highest price paid in that period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.
The company said it has bought approximately US$548,621,044.32 of Class A and Class B shares to date, based on total consideration paid, out of the $1 billion authorized under the program. BofA Securities, Inc. is handling the purchases, and the company listed the purpose of the buy-back 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.
$1 billion Buy-Back Program Overview
News Corp said it runs a stock repurchase program under which it may buy back up to $1 billion in total of its Class A and Class B common stock. The company said it intends to buy shares from time to time in the open market or otherwise, taking market conditions and its share price into account, and that no ASX-listed CDIs will be bought under the program.
Source · Based on the filing body and exhibits
Class A Buy-Back Details for July 22, 2024
News Corp told the ASX that it bought back 14,499 shares of Class A common stock on July 22, 2024 for a total of US$400,940.85. The highest price paid that day was US$27.87, and the lowest was US$27.23.
Source · Based on the filing body and exhibits
Buy-Backs Before July 22
News Corp said in its ASX filing that it bought back 18,891,135 shares of Class A common stock for a total of US$365,429,906.85 in the period before July 22, 2024. The highest price paid in that period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Cumulative Program Purchases and Broker
The company said it has bought approximately US$548,621,044.32 of Class A and Class B shares to date, based on total consideration paid, out of the $1 billion authorized under the program. BofA Securities, Inc. is handling the purchases, and the company listed the purpose of the buy-back 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.
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