AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it operates a stock repurchase program authorizing it to acquire up to $1 billion in aggregate of its Class A and Class B common stock.
Key points
AI summaryNews Corp said it operates a stock repurchase program authorizing it to acquire up to $1 billion in aggregate of its Class A and Class B common stock.
The company told the ASX that on 28/08/2024, the last business day, it bought back 14,407 Class A common shares for a total of US$404,499.58. Cumulative repurchases before that were 19,285,767 shares, totaling US$376,215,636.29.
The company said it has bought back approximately US$564,869,884.44 of Class A and Class B shares to date, based on total consideration paid. The highest price paid on the previous day was US$28.25, and the lowest was US$27.97.
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the price of its stock. BofA Securities, Inc. is the broker. The company also said no ASX-listed CDIs will be repurchased under the program.
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
News Corp said it operates a stock repurchase program authorizing it to acquire up to $1 billion in aggregate of its Class A and Class B common stock.
Source · Based on the filing body and exhibits
Class A Daily Repurchases on 2024-08-28
The company told the ASX that on 28/08/2024, the last business day, it bought back 14,407 Class A common shares for a total of US$404,499.58. Cumulative repurchases before that were 19,285,767 shares, totaling US$376,215,636.29.
Source · Based on the filing body and exhibits
Cumulative Repurchases and Prior-Day Prices
The company said it has bought back approximately US$564,869,884.44 of Class A and Class B shares to date, based on total consideration paid. The highest price paid on the previous day was US$28.25, and the lowest was US$27.97.
Source · Based on the filing body and exhibits
Method, Broker and Conditions
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the price of its stock. BofA Securities, Inc. is the broker. The company also said no ASX-listed CDIs will be repurchased under the program.
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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