AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said its Repurchase Program authorizes it to acquire up to US$1 billion in the aggregate of Class A and Class B common stock.
Key points
AI summaryNews Corp said its Repurchase Program authorizes it to acquire up to US$1 billion in the aggregate of Class A and Class B common stock.
The company said that on September 10, 2024, it repurchased 15,437 shares of Class A common stock for a total of US$406,945.56, according to its daily buy-back notice to the Australian Securities Exchange (ASX).
The company said it had bought back 19,405,394 shares in aggregate before the previous day for US$379,489,989.62, and that it had bought back approximately US$569,855,987.09 worth of Class A and Class B shares to date. The price paid on the previous day ranged from US$26.11 to US$26.73.
The company said it conducts the program from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, among other factors. BofA Securities, Inc. acts as broker, the stated reason for the buy-back is "To enhance shareholder value," and 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.
News Corp Approves US$1 billion Share Repurchase Program
News Corp said its Repurchase Program authorizes it to acquire up to US$1 billion in the aggregate of Class A and Class B common stock.
Source · Based on the filing body and exhibits
Class A Common Stock Daily Buy-Back Notice: September 10, 2024
The company said that on September 10, 2024, it repurchased 15,437 shares of Class A common stock for a total of US$406,945.56, according to its daily buy-back notice to the Australian Securities Exchange (ASX).
Source · Based on the filing body and exhibits
Cumulative Repurchases and Previous-Day Price Range
The company said it had bought back 19,405,394 shares in aggregate before the previous day for US$379,489,989.62, and that it had bought back approximately US$569,855,987.09 worth of Class A and Class B shares to date. The price paid on the previous day ranged from US$26.11 to US$26.73.
Source · Based on the filing body and exhibits
Method, Broker and Purpose of Buy-Backs
The company said it conducts the program from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, among other factors. BofA Securities, Inc. acts as broker, the stated reason for the buy-back is "To enhance shareholder value," and 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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