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AI English summary of an SEC filing — figures as filed

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News Corp said the company may repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program. It said it intends to repurchase shares from time to time, in the open market or otherwise, depending on market conditions and its stock price.

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

Key points

AI summary
  1. News Corp said the company may repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program. It said it intends to repurchase shares from time to time, in the open market or otherwise, depending on market conditions and its stock price.

  2. In its daily buy-back notice to the ASX, the company said it repurchased 14,638 shares on August 13, 2024 (the previous day) for a total of US$402,268.34. The highest price paid that day was US$27.60, and the lowest was US$27.09.

  3. The company said in its ASX notice that it repurchased 19,127,115 shares before the previous day for a total of US$371,819,028.02. Over that period, the highest price paid was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.

  4. The company said it has purchased approximately US$558,183,302.91 of Class A and Class B shares to date, measured by total consideration paid, against the aggregate authorization of US$1 billion.

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 the company may repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock under its stock repurchase program. It said it intends to repurchase shares from time to time, in the open market or otherwise, depending on market conditions and its stock price.

Source · Based on the filing body and exhibits

Buy-Back Activity as of August 13, 2024

In its daily buy-back notice to the ASX, the company said it repurchased 14,638 shares on August 13, 2024 (the previous day) for a total of US$402,268.34. The highest price paid that day was US$27.60, and the lowest was US$27.09.

Source · Based on the filing body and exhibits

Cumulative Purchases Before Previous Day and Price Range

The company said in its ASX notice that it repurchased 19,127,115 shares before the previous day for a total of US$371,819,028.02. Over that period, the highest price paid 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 Spending

The company said it has purchased approximately US$558,183,302.91 of Class A and Class B shares to date, measured by total consideration paid, against the aggregate authorization of US$1 billion.

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.