AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it has a stock repurchase program, the Repurchase Program, under which it may acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.
Key points
AI summaryNews Corp said it has a stock repurchase program, the Repurchase Program, under which it may acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.
The company told the Australian Securities Exchange (ASX) in its daily notice that it bought 15,002 shares of Class A common stock on the prior day, October 2, 2024, for a total of US$394,488.09. The lowest price paid on that day was US$26.19, and the highest was US$26.48.
The company said in the daily notice that it had bought 19,654,502 shares for a total of US$386,053,202.67 before the prior 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.
News Corp said it has bought Class A and Class B shares worth about US$579,859,305.60 in total consideration paid so far, against its US$1 billion authorization. The company also said that 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 Overview
News Corp said it has a stock repurchase program, the Repurchase Program, under which it may acquire up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, taking into account market conditions and its stock price.
Source · Based on the filing body and exhibits
Class A Common Stock Daily Repurchases for October 2, 2024
The company told the Australian Securities Exchange (ASX) in its daily notice that it bought 15,002 shares of Class A common stock on the prior day, October 2, 2024, for a total of US$394,488.09. The lowest price paid on that day was US$26.19, and the highest was US$26.48.
Source · Based on the filing body and exhibits
Cumulative Repurchases Before the Daily Notice Date
The company said in the daily notice that it had bought 19,654,502 shares for a total of US$386,053,202.67 before the prior 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 Repurchases Against US$1 billion Authorization
News Corp said it has bought Class A and Class B shares worth about US$579,859,305.60 in total consideration paid so far, against its US$1 billion authorization. The company also said that 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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