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AI English summary of an SEC filing — figures as filed

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The company said it is running a stock repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, including in the open market, depending on market conditions and its stock price.

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

Key points

AI summary
  1. The company said it is running a stock repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, including in the open market, depending on market conditions and its stock price.

  2. News Corp reported to the ASX in a daily notice that it bought back 16,235 Class A common shares for a total of US$421,080.70 on September 12, 2024, the most recent trading day. The highest price paid that day was US$26.03, and the lowest was US$25.74.

  3. The company said it had bought back 19,437,066 Class A common shares for a total of US$380,317,848.66 before the most recent trading day. The highest price paid in that period 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 repurchased approximately US$571,140,070.29 of Class A and Class B shares to date, based on total consideration paid. It said no ASX-listed CDIs will be repurchased under the program and that no security holder approval is required.

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.

$1 billion Stock Repurchase Program

The company said it is running a stock repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, including in the open market, depending on market conditions and its stock price.

Source · Based on the filing body and exhibits

Class A Share Purchases, 2024-09-12

News Corp reported to the ASX in a daily notice that it bought back 16,235 Class A common shares for a total of US$421,080.70 on September 12, 2024, the most recent trading day. The highest price paid that day was US$26.03, and the lowest was US$25.74.

Source · Based on the filing body and exhibits

Cumulative Purchases and Value Before Latest Trading Day

The company said it had bought back 19,437,066 Class A common shares for a total of US$380,317,848.66 before the most recent trading day. The highest price paid in that period 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 Purchase Value and Program Terms

The company said it has repurchased approximately US$571,140,070.29 of Class A and Class B shares to date, based on total consideration paid. It said no ASX-listed CDIs will be repurchased under the program and that no security holder approval is required.

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.