AI English summary of an SEC filing — figures as filed
The company said it has a stock repurchase program (the Repurchase Program) under which it may buy back up to US$1 billion in total of its Class A and Class B common stock. The company said it intends to make repurchases from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
Key points
AI summaryThe company said it has a stock repurchase program (the Repurchase Program) under which it may buy back up to US$1 billion in total of its Class A and Class B common stock. The company said it intends to make repurchases from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
News Corp said it has bought back Class A and Class B shares worth approximately US$551,000,017.60 based on total consideration paid. The company said the combined authorization limit is US$1 billion.
The company told the ASX that on July 26, 2024, it repurchased 14,506 Class A shares for total consideration of US$398,056.24. The lowest price paid that day was US$27.26, and the highest price paid was US$27.63.
News Corp said it repurchased 18,948,764 Class A shares for total consideration of US$367,025,149.55 before July 26, 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.
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
The company said it has a stock repurchase program (the Repurchase Program) under which it may buy back up to US$1 billion in total of its Class A and Class B common stock. The company said it intends to make repurchases from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.
Source · Based on the filing body and exhibits
Cumulative buybacks of about US$551,000,017.60
News Corp said it has bought back Class A and Class B shares worth approximately US$551,000,017.60 based on total consideration paid. The company said the combined authorization limit is US$1 billion.
Source · Based on the filing body and exhibits
Daily buyback details for July 26, 2024
The company told the ASX that on July 26, 2024, it repurchased 14,506 Class A shares for total consideration of US$398,056.24. The lowest price paid that day was US$27.26, and the highest price paid was US$27.63.
Source · Based on the filing body and exhibits
Shares and price range repurchased before prior day
News Corp said it repurchased 18,948,764 Class A shares for total consideration of US$367,025,149.55 before July 26, 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
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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