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AI English summary of an SEC filing — figures as filed

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The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to buy back Class A and Class B common stock combined, up to US$1 billion in aggregate, from time to time.

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

Key points

AI summary
  1. The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to buy back Class A and Class B common stock combined, up to US$1 billion in aggregate, from time to time.

  2. The company said it has bought approximately US$564,262,338.00 worth of Class A and Class B shares to date, based on total consideration paid, as disclosed in its filings with the ASX.

  3. News Corp said it repurchased 14,089 shares on August 27, 2024 for a total of US$394,811.82, with the highest price paid that day at US$28.13 and the lowest at US$27.78.

  4. The company said it buys back shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, and that the purpose is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the program. The broker is BofA Securities, Inc.

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.

Up to US$1 billion Share Repurchase Program

The company said it has a stock repurchase program, the Repurchase Program, under which it is authorized to buy back Class A and Class B common stock combined, up to US$1 billion in aggregate, from time to time.

Source · Based on the filing body and exhibits

US$564,262,338.00 Cumulative Repurchases

The company said it has bought approximately US$564,262,338.00 worth of Class A and Class B shares to date, based on total consideration paid, as disclosed in its filings with the ASX.

Source · Based on the filing body and exhibits

2024-08-27 Daily Repurchase Details

News Corp said it repurchased 14,089 shares on August 27, 2024 for a total of US$394,811.82, with the highest price paid that day at US$28.13 and the lowest at US$27.78.

Source · Based on the filing body and exhibits

Repurchase Method and ASX Daily Disclosure Requirement

The company said it buys back shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, and that the purpose is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the program. The broker is BofA Securities, Inc.

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.