News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. The company said that under ASX rules it must disclose Repurchase Program transactions to the ASX daily, if any.

8-KOther EventsFiled Sep 9, 2024Period of report Sep 6, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. The company said that under ASX rules it must disclose Repurchase Program transactions to the ASX daily, if any.
The company said in its ASX notice that it had repurchased Class A and Class B shares for approximately US$568,607,845.46 to date, based on total consideration paid. The authorized limit is US$1 billion in aggregate.
News Corp notified the ASX that it bought back 15,437 Class A common shares for a total of US$411,876.14 on 06/09/2024, the previous buy-back date. It said cumulative prior purchases were 19,374,520 shares, for total consideration of US$378,665,768.05.
The company said the highest price paid for Class A common stock in its buy-back notice was US$28.61 on 16/07/2024, and the lowest price was US$14.88 on 29/09/2022. It reported the total number of issued securities in that class as 376,024,597 shares.

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 Overview

News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to acquire up to $1 billion in the aggregate of its Class A and Class B common stock. The company said that under ASX rules it must disclose Repurchase Program transactions to the ASX daily, if any.

Source · Based on the filing body and exhibits

Cumulative Repurchases Under Program of About US$568,607,845.46

The company said in its ASX notice that it had repurchased Class A and Class B shares for approximately US$568,607,845.46 to date, based on total consideration paid. The authorized limit is US$1 billion in aggregate.

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Notice: 2024-09-06 Purchases

News Corp notified the ASX that it bought back 15,437 Class A common shares for a total of US$411,876.14 on 06/09/2024, the previous buy-back date. It said cumulative prior purchases were 19,374,520 shares, for total consideration of US$378,665,768.05.

Source · Based on the filing body and exhibits

Class A Purchase Price Range and Shares on Issue

The company said the highest price paid for Class A common stock in its buy-back notice was US$28.61 on 16/07/2024, and the lowest price was US$14.88 on 29/09/2022. It reported the total number of issued securities in that class as 376,024,597 shares.

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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